Ethereum's stablecoin market capitalization increased by $243.4 million over seven days through October 10, while the price of Ether (ETH) dropped 7.1% to $2,492.27. This indicates that the growth in dollar-linked tokens on Ethereum and related networks like Arbitrum One and Base, which together added $403.1 million, did not translate into stronger demand for ETH itself. Other indicators such as open interest in ETH derivatives and ETF outflows also pointed to weaker market positioning. The data shows a divergence between stablecoin supply growth and ETH price performance, suggesting that increased stablecoin balances did not prevent the ETH price decline and may not signal an imminent reversal.
Ethereum stablecoin market capitalization rose by $243.4 million recently. For readers following cryptocurrency markets, 43 of 50 major cryptocurrencies on Pluang rose today, with AXS up 8.71% at Rp22.589 and EOS up 8.13% at Rp12.649. This data is as of Oct 11, 2026 00:02 WIB.
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Ethereum, Arbitrum One, and Base saw a combined $403.1 million increase in stablecoin market capitalization over the past week, signaling growth in stablecoin usage despite a bearish overall crypto market. However, Ethereum's price dropped 7.1% last ...
