Where are stablecoins other than the US dollar issued? The answer may surprise you.



97% of euro stablecoins (EUR) are on the Ethereum ecosystem, with 75% on the mainnet and the remaining 22% on various L2s. All other public chains combined? Only a meager 3%.

Why are stablecoins of various national fiat currencies concentrated on Ethereum? Three words: safe enough. Plus, it has ample liquidity and helps avoid a bunch of unnecessary compliance hassles.

The data doesn't lie; the market has voted with its feet.
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DiamondHandsvip
· 12-09 11:17
97% are on Ethereum, other chains are really completely crushed, security is indeed a major weakness.
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SighingCashiervip
· 12-08 03:23
Actually, ETH already won a long time ago. No matter how much other public chains try, it's all in vain.
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PuzzledScholarvip
· 12-06 20:53
Ethereum dominates the world—do other public chains really have no chance left?
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MemeCoinSavantvip
· 12-06 20:51
according to my peer-reviewed analysis of stablecoin distribution patterns, ethereum's 97% dominance suggests we're experiencing statistically significant levels of network effect (p < 0.420). the data exhibits textbook game theory optimal behavior—security beats hype every time, ngl
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HorizonHuntervip
· 12-06 20:50
97% is on ETH, the other blockchains are basically given a death sentence... To put it simply, the ecosystem advantage is just too obvious—once liquidity settles in, it's very hard to move.
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ILCollectorvip
· 12-06 20:50
This data for ETH is incredible, 97% is really outrageous. Are other public chains really that far behind?
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ETHReserveBankvip
· 12-06 20:46
The reason you all stick to the ETH path is because there’s no other choice, right? Safety first, bro.
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ZkProofPuddingvip
· 12-06 20:29
Ethereum’s dominance is nothing new; after seeing it so often, it just feels numb now. Good liquidity is definitely king, and compliance is probably also key.
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