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A recent forecast report on the issuance of public chain stablecoins by September 2025 has attracted widespread attention in the industry. The report shows that Ethereum will maintain its absolute advantage in the stablecoin market, with an expected issuance of 150 billion USD, where USDT, USDC, and DAI dominate. It is noteworthy that Ethereum is expected to become the world's largest USDC issuance platform, capturing 53% of the global market share.

Following closely is TRON (TRX), with an expected issuance of 88 billion, almost entirely in USDT. The USDT on the TRON network accounts for 51% of the total, with an average daily trading volume of about 2 billion, capturing a 31.3% share of the global market. This data highlights TRON's strong position in the stablecoin sector.

The third-ranked is Solana (SOL), with an expected issuance of $16 billion, mainly composed of USDC and USDT. It is worth mentioning that Solana is becoming the preferred landing platform for emerging stablecoins like PYUSD.

BSC (Binance Smart Chain) ranks fourth, with an expected issuance of 11 billion USD, covering various stablecoins such as USDT, FDUSD, and USD1. The report predicts that the issuance of BSC will grow by 150% between 2024 and 2025.

In addition, Ethereum Layer 2 networks such as Base, Arbitrum, and Optimism also occupy an important position in the stablecoin market, demonstrating the significance of Layer 2 solutions in the stablecoin ecosystem.

Emerging public chains such as Hyperliquid L1, Sui, and Aptos are also making their mark in the stablecoin market, demonstrating strong growth potential. The performance of these emerging public chains reflects the ongoing innovation and development in blockchain technology and the stablecoin market.

It is worth noting that some public chains focusing on specific application scenarios have also found their place in the stablecoin market. For example, Stellar focuses on cross-border payments, while TON promotes the practical application of stablecoins through social platforms.

Overall, the stablecoin market in 2025 is expected to show a trend of diversified development, with different public chains playing a role in their respective advantageous areas, jointly promoting the prosperous development of the stablecoin ecosystem.