Ethereum has become the settlement layer for global dollar liquidity, processing approximately $90 billion to $10 billion in stablecoin transfers daily.

According to Mars Finance, Leon Waidmann stated in an article on the X platform that Ethereum is not only a smart contract platform but has become a settlement layer for global dollar liquidity. The Mainnet processes approximately $90 billion to $10 billion in stablecoin transfers daily. These transfers primarily involve USDT and USDC for payments, financial management, and settlement, representing real-world value flow on the blockchain, rather than DeFi cycles or incentive mining. Waidmann pointed out that despite the growth of other blockchains, large sums of money still choose to settle on the Ethereum mainnet. Users pay transaction fees because they value its settlement certainty and credibility. Stablecoins enable blockchain utility, while Ethereum provides the reliability of stablecoins.