The supply of stablecoins on the Ethereum blockchain has surpassed $140 billion, nearly doubling since January 2024. This milestone marks the highest recorded stablecoin supply on Ethereum Layer 1, underscoring Ethereum's role as a primary infrastructure for digital dollar assets. The growth in stablecoin liquidity on-chain is expected to continue expanding significantly in the coming years. Additionally, active loans across Ethereum-based lending protocols have reached $30 billion, increasing by approximately $27 billion since January 2023. The lending protocol 0xFluid has been identified as the fastest-growing, with active loans rising 20.2% over the past week. In the last 24 hours alone, Ethereum's stablecoin supply increased by $396 million, which is 300% more than the increase seen on Solana.