Analysts: Record $166B Ethereum Stablecoin Supply Signals “Deepening Trust” and Institutional Adoption

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Ethereum‘s stablecoin supply hitting a record $166 billion is being hailed by analysts as a critical inflection point.

“It signifies a massive increase in institutional liquidity and deepening trust in its infrastructure as the foundational layer for DeFi,” said Nick Ruck of LVRG Research.

Vincent Liu of Kronos Research noted the shift from speculative asset to “backbone for dollarization.”

The growth, primarily driven by expansions in USDT ($87.8B) and USDC ($48B), suggests accelerating institutional adoption that could fuel increased DeFi activity and potential ETH price appreciation to meet rising ecosystem demand.