The stablecoin market reveals an interesting concentration: more than half of all stablecoins are currently deployed on Ethereum. This dominance underscores ETH's role as the primary infrastructure layer for digital asset trading and DeFi activities. The massive stablecoin presence on the network reflects both liquidity depth and the ecosystem's maturity in facilitating on-chain transactions. For traders monitoring market dynamics, this distribution highlights Ethereum's stronghold in the decentralized finance space and its continuing relevance as a settlement layer.