Ethereum's Stablecoin Issuance Share Tops 54% Amid Tokenized Stock Surge

Ethereum accounted for roughly 54.1% of all stablecoins issued as of late October 2026, measured across 47 blockchains, according to Crypto Briefing. The outlet put Ethereum-issued stablecoins at between $162.5 billion and $163 billion, compared with a combined cross-chain stablecoin market worth roughly $300 billion to $301 billion.

Crypto Briefing separately pointed to a gap between how much Ethereum issues versus how much it actually holds. By its count, tokens sitting on Ethereum wallets come to near $143.76 billion, putting the network's share of total holdings at about 47.69%, several points below its issuance figure. The outlet framed that spread as evidence that issuance and custody counts can tell different stories about which network is dominant.

On tokenized equities, Crypto Briefing reported Ethereum's segment expanded 170% year over year, landing somewhere between $827 million and $841 million depending on which data source is used. The publication said the full tokenized stock market across every chain sits between $3.8 billion and $4.4 billion total, after first passing $3 billion earlier in 2026. Despite Ethereum's growth rate, the outlet said BNB Chain, not Ethereum, leads that category overall. Crypto Briefing also noted Tether's USDT and Circle's USDC remain the largest stablecoins by supply, with sizable amounts sitting on Ethereum, though the report did not break down exactly how much of each token sits on which network, nor explain why BNB Chain rather than Ethereum tops the tokenized-stock rankings.