Grayscale says Ethereum leads smart contract platforms in stablecoins and tokenized assets

A new Grayscale Research report credits Ethereum with roughly half of stablecoin supply and about 40% of tokenized assets Grayscale Research has handed Ethereum a full scorecard, and the network sits first in nearly every category that matters. In a report dated November 6, 2026, the asset manager named Ethereum the leading smart contract platform. It ranked first across stablecoin supply, tokenized assets, applications, developers and investment products. Stablecoins and tokenization have become the two main areas where traditional finance and blockchains actually meet. According to Grayscale, that network is currently Ethereum, and the gap is not small. Start with stablecoins. Grayscale puts Ethereum’s stablecoin supply at nearly $140 billion, which works out to approximately half of the total market.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.