TechFlow News: On January 25, according to data released by Token Terminal, stablecoin issuers generated approximately $5 billion in revenue in 2025 by deploying stablecoins on Ethereum. The total supply of stablecoins on Ethereum increased by roughly $50 billion throughout 2025, reaching over $180 billion by Q4. Consequently, issuers’ revenue also rose, hitting approximately $1.4 billion in quarterly revenue during Q4. Part of this revenue stems from returns generated by reserve assets backing stablecoin supply, and Ethereum remains the largest supply channel for most major stablecoin issuers.





