Ethereum Holds 47.69% of Stablecoin Supply Across Networks

Ethereum held 47.69% of tracked stablecoin value late Oct. 19, while tokens issued on the network equaled about 54.1% of the market, making the measure used central to comparing blockchains. The value held on Ethereum was $143.759 billion out of a $301.435 billion stablecoin market at 11:17 p.m. ET on Oct. 19 (03:17 UTC Oct. 20). Tron ranked second by network balance, with $94.870 billion, or about 31.5% of the same market. Ethereum’s larger $163.015 billion figure measures stablecoins issued on the network. Dividing that amount by the $301.435 billion market total yields about 54.1%. The two Ethereum figures differ by $19.256 billion, or roughly $19.3 billion, because they count issuance and current network balances separately.

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