DeFi’s Dollarized Foundation Strengthens as Ethereum Stablecoins Hit $166B ATH
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The backbone of decentralized finance (DeFi) is stronger than ever. The supply of dollar-pegged stablecoins on Ethereum has surged to a record $166 billion, providing unprecedented liquidity for the ecosystem’s lending, borrowing, and trading protocols.
This massive pool of capital, up from $149.5 billion a month ago, is dominated by USDT ($87.8B) and USDC ($48B).
Experts suggest this liquidity is now deep enough to absorb market volatility and support the entire sector during downturns, cementing Ethereum’s role as the core settlement layer for the digital economy.
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