According to @MilkRoadDaily, stablecoin supply on Ethereum (ETH) hit an all-time high of $168B, source: @MilkRoadDaily (X, Sep 18, 2025). The account reports this level is more than double Tron and over 14 times Solana, indicating a heavier concentration of on-chain dollar liquidity on ETH versus those networks, source: @MilkRoadDaily (X, Sep 18, 2025). @MilkRoadDaily adds that where stablecoins concentrate, trading activity and capital rotation tend to follow, framing this as a liquidity signal for traders focused on ETH-based markets, source: @MilkRoadDaily (X, Sep 18, 2025).

According to @Celo, Ethereum’s on-chain stablecoin supply reached a new all-time high of $160B, based on Token Terminal data (source: Token Terminal via @Celo). According to @Celo, universal stablecoin platform M0 announced a $40M Series B led by Polychain, Ribbit Capital, and Endeavor Global’s Catalyst Fund, confirming fresh capital into stablecoin infrastructure (source: M0 via @Celo). These updates mark notable liquidity and infrastructure developments on Ethereum relevant to ETH market monitoring (source: @Celo).

According to @Celo and @blockworksres, the circulating supply of stablecoins on Ethereum has reached new all-time highs, surpassing the peaks seen in 2022. This surge reflects growing demand for on-chain liquidity and stablecoin utility, which could drive increased DeFi activity and trading volumes on Ethereum-based platforms (source: @blockworksres). Additionally, @Beam_cash has raised $8 million in a funding round led by @verdaventures, signaling strong investor confidence in blockchain payment solutions (source: @Celo). Coinduit's recent $36 million raise aims to accelerate cross-border stablecoin payments, a move likely to enhance global crypto adoption and liquidity (source: @Celo). These developments are expected to positively impact Ethereum's ecosystem and provide new trading opportunities for crypto investors focused on stablecoins and DeFi.