As of late October 19, Ethereum held 47.69% of the tracked stablecoin market value, totaling $143.759 billion out of $301.435 billion. Tokens issued on Ethereum accounted for about 54.1% of the stablecoin market, highlighting its dominance in issuance and holdings. Tron ranked second with $94.870 billion, or 31.5% of the market, and led in peer-to-peer stablecoin transfers with 73% in September 2026. The difference between issuance and network balances is due to bridging, where tokens issued on one chain circulate on another. Tether and USD Coin dominate the stablecoin token market, making up 84.6% combined as of Oct 19.
Ethereum's stablecoin dominance provides context for readers. As of Oct 20, 2026 09:21 WIB, 15 of 50 major cryptocurrencies on Pluang rose, 34 fell. MANA price is Rp1.485 with 47% Sell / 53% Buy order activity and a typical hold time of 157 days. FIL trades at Rp18.230 with 10% Sell / 90% Buy activity and 100 days hold time. ZIL is priced at Rp39 with 42% Sell / 58% Buy activity and 133 days hold time.
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