Data: By 2025, stablecoins on Ethereum will generate approximately $5 billion in revenue, with a supply increase of around $500 billion

BlockBeats News, January 25th, Token Terminal released data showing that in 2025, stablecoin issuers generated approximately $5 billion in revenue by deploying stablecoins on the Ethereum blockchain. The stablecoin supply on Ethereum increased by around $50 billion throughout 2025, surpassing $180 billion by the fourth quarter. Issuers' revenue also grew, reaching around $1.4 billion in quarterly revenue by Q4.

Part of the revenue comes from the returns generated by the reserve assets supporting the stablecoin supply, with Ethereum consistently being the primary issuance platform for most major stablecoin issuers.