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Ethereum Stablecoins Generated $5 Billion in Revenue for Issuers in 2025
Token Terminal has published data: in 2025, stablecoin issuers generated approximately $5 billion in revenue from listing coins on Ethereum, while the stablecoin supply grew by approximately $50 billion, exceeding $180 billion by the fourth quarter. Issuer revenue in the fourth quarter reached approximately $1.4 billion; part of this revenue is driven by the yield on the reserve assets that back the stablecoins, with Ethereum remaining the primary platform for large issuers.
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Stablecoins on Ethereum generated $5 billion in revenue for issuers in 2025
Token Terminal published data: in 2025, stablecoin issuers received about $5 billion in revenue from listing coins on Ethereum, and the stablecoin supply increased by approximately $50 billion, surpassing $180 billion by the fourth quarter. Issuer revenues in Q4 reached around $1.4 billion; part of the income is driven by the yield on the reserve assets backing the stablecoins, with Ethereum remaining the main platform for major issuers.