About
Ethereum is the original smart-contract Layer-1 and the dominant chain by stablecoin circulation and supply, anchoring the majority of USDC, USDT, DAI/USDS, and most yield-bearing dollar assets. It is the core settlement and DeFi liquidity hub for the stablecoin ecosystem.
Stablecoins
Key products
Chains
- Founded
- 2015
- Stage
- Public token (ETH)
- Funding
- ICO 2014; Ethereum Foundation
Related companies
Arbitrum
Leading Ethereum L2 with deep stablecoin liquidity
Arbitrum is a leading optimistic-rollup Ethereum Layer-2 with deep native USDC and USDT liquidity and a large DeFi ecosystem. It is a core venue for stablecoin yield, lending, and trading, and underpins infrastructure for chains like Converge.
Avalanche
L1 with subnets and institutional stablecoin/RWA use
Avalanche is a Layer-1 with a customizable subnet (Avalanche L1s) architecture used for institutional tokenization and stablecoin settlement. It hosts native USDC, EURC, and AUSD and is a target chain for RWA and enterprise payment deployments.
Base
Coinbase's OP-stack L2 with large stablecoin activity
Base is an Ethereum Layer-2 built on the OP Stack and incubated by Coinbase. It has become one of the largest chains by cumulative stablecoin transaction volume, with deep native USDC liquidity, consumer payment apps, and a fast-growing DeFi and onchain-app ecosystem.
Berachain
Layer-1 with Proof-of-Liquidity and HONEY stablecoin
Berachain is an EVM-identical Layer-1 blockchain using a Proof-of-Liquidity (PoL) consensus model that aligns incentives across validators, protocols and liquidity providers. It runs a tri-token system: BERA for gas, BGT for governance, and HONEY, a fully collateralized US-dollar stablecoin minted by depositing eligible collateral (such as USDC, BTC or ETH) into vaults. The BERA token launched on February 6, 2025. Berachain originated from the Bong Bears NFT project before evolving into a blockchain.
Blast
Ethereum L2 with native yield
Blast is an Ethereum Layer 2 (optimistic rollup) known for offering native yield on ETH and stablecoins held on the network, where bridged stablecoins automatically earn yield via on-chain T-bill and staking strategies. It launched with a large airdrop campaign and hosts DeFi, gaming and consumer applications.
BNB Chain
High-volume EVM L1 with large stablecoin liquidity
BNB Chain is a high-throughput, low-fee EVM Layer-1 associated with Binance, hosting large USDT, USDC, and FDUSD liquidity. It is a major retail venue for stablecoin trading, payments, and DeFi activity, particularly in Asia.