According to Token Terminal data, Ethereum currently holds approximately 60% of the stablecoin market share. If approximately $1.7 trillion worth of stablecoins are put on-chain over the next three years, even if Ethereum's market share gradually declines to 50%, as an L1 blockchain, it is still expected to add approximately $850 billion in stablecoin supply by 2028.
Token Terminal: Ethereum may add over $850 billion in stablecoin supply by 2028.
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