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Ethereum’s Stablecoin Dominance: Will It Last? Stablecoin Stats September 2025

31 snips
Sep 11, 2025
Andrew Van Aken, a Data Scientist at Artemis, joins host Anthony Yim to dive into the explosive growth of Ethereum's stablecoin supply, which has surged by $15 billion. They discuss Tether's and PIX's adoption in Brazil, and Binance's significant role as a stablecoin distributor. The conversation shifts to the growing use of PYUSD for everyday transactions and the impact of DeFi on USD's rise. They also debate Ethereum's dominance versus a multi-chain future while highlighting the rapid ascendance of USD1 and its branding strategies.
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ANECDOTE

Tether Ads And PIX Ubiquity In Brazil

  • Anthony Yim saw prominent USDT ads and frequent PIX payment options while in Brazil, showing crypto payments' mainstream visibility.
  • He experienced PX/PIX availability even at fast-food outlets, illustrating real consumer usage of crypto rails.
INSIGHT

Ethereum's Rapid Stablecoin Inflow

  • Ethereum's stablecoin supply grew by about $15 billion in one month, reflecting a rapid shift of liquidity onto the chain.
  • This surge signals concentrated demand and network effects building around Ethereum for dollar-pegged assets.
INSIGHT

Binance As A Stablecoin Distribution Hub

  • Binance holds a massive and growing share of global stablecoin supply, exceeding $50 billion on the exchange.
  • Its scale makes Binance functionally similar to a bank in distribution and custody of dollar tokens.
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