Ethereum added approximately $243 million in stablecoin supply over the past week, bringing its total to around $146.5 billion, representing roughly 47-48% of total on-chain supply. Combined with Arbitrum One and Base, the three networks saw $403.1 million in weekly growth. On Layer-2 networks, Arbitrum gained 2.08% and Base rose 0.86% over seven days. USDT, issued by Tether, accounts for about 50% of Ethereum’s stablecoin supply alone. The total stablecoin market cap remains range-bound between $300 billion and $306 billion, suggesting consolidation rather than major expansion.
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