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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DiamondHands
· 12-09 11:17
97% are on Ethereum, other chains are really completely crushed, security is indeed a major weakness.
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SighingCashier
· 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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PuzzledScholar
· 12-06 20:53
Ethereum dominates the world—do other public chains really have no chance left?
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MemeCoinSavant
· 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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HorizonHunter
· 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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ILCollector
· 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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ETHReserveBank
· 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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ZkProofPudding
· 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.
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.