Ethereum hosts 54% of all stablecoins as tokenized stocks jump 170%

Ethereum's stablecoin lead holds steady while its tokenized stock market reaches $827 million, and investors are watching for a familiar pattern Ethereum still hosts more digital dollars than any other blockchain. As of late October 2026, it accounted for about 54.1% of all stablecoins issued, out of a total market tracked across 47 blockchains. The newer storyline is stocks. Ethereum’s tokenized stock market grew 170% year over year to $827 million, and some investors are wondering whether equities could follow the path stablecoins took. Start with stablecoins. Roughly $162.5 to $163 billion worth of stablecoins have been issued on Ethereum. That sits inside a total stablecoin market cap of around $300 to $301 billion. More than half of every on-chain dollar, in other words, was minted on one network.

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