Stablecoin issuers generated approximately $5 billion in revenue in 2025 from stablecoins deployed on the Ethereum network, according to Token Terminal. This significant increase underscores Ethereum's dominance in the stablecoin sector, driven by its robust DeFi ecosystem. The revenue primarily stems from interest on reserves, as issuers invest in interest-bearing assets like U.S. Treasuries amid high global interest rates. The surge in stablecoin demand is fueled by their growing use in DeFi applications, such as lending platforms and decentralized exchanges. In 2025, Ethereum processed over $100 billion in stablecoin transactions, reinforcing its role as a key infrastructure for stable-value assets. Despite competition from other blockchains, Ethereum's established security and institutional trust continue to make it the preferred choice for stablecoin deployment.