According to @MilkRoadDaily, stablecoin supply on Ethereum (ETH) has reached a new all-time high of $180B, up approximately 500% since 2020 and about $60B above the 2022 bull-market peak (source: @MilkRoadDaily). Based on this reported ATH, traders can use the $180B figure as a current on-chain dollar liquidity benchmark for ETH ecosystem activity and monitor DEX volumes, gas usage, and stablecoin netflows on Ethereum to assess liquidity conditions (source: @MilkRoadDaily).

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).