Ethereum's $159B of $300B stablecoins highlights infrastructure strength

Ethereum holds $159 billion of the $300 billion stablecoin supply, reinforcing its role as an institutional settlement layer. On February 26, 2026, Jeff Housenbold called Ethereum the stablecoin backbone, while January 2026 transfer volumes across EVM, Solana and Tron reached $10.3 trillion. ETH trades near $1,960, with $2,000 seen as a pivotal level.