According to @rovercrc, the total stablecoin supply on Ethereum (ETH) has reached a new all-time high of $172.2 billion, marking a fresh peak for on-chain dollar liquidity on the network (source: @rovercrc on X, Sep 6, 2025). The post provides the headline figure only and does not include issuer breakdown (e.g., USDT, USDC), methodology, or on-chain references, which limits immediate position sizing based solely on this datapoint (source: @rovercrc on X, Sep 6, 2025).