According to @MilkRoadDaily, $165B in stablecoins now sit on Ethereum, signaling fresh on-chain liquidity that can be mobilized across protocols (source: @MilkRoadDaily). @MilkRoadDaily states this liquidity directly drives DeFi, trading, and settlement activity, and that more stablecoins parked on Ethereum deepen the economic base supporting ETH (source: @MilkRoadDaily). For traders, rising Ethereum-based stablecoin balances are a concrete signal to track DeFi volumes, on-chain settlement flows, and ETH market depth as liquidity conditions expand (source: @MilkRoadDaily).