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Ethereum Stablecoin Market Cap Falls $30.6 Billion as Total Cap Stays Flat
The combined stablecoin market cap stayed roughly unchanged over the same year, despite divergent changes across Ethereum, Tron and HyperEVM networks.

Stablecoin market capitalization remained roughly flat over the past year, even as stablecoin totals moved in opposite directions across Ethereum, Tron and HyperEVM networks.
Ethereum’s stablecoin market cap fell $30.6 billion during the period. Tron’s rose $16.1 billion and HyperEVM’s increased $6.3 billion.
The network-level measure reflects the value of stablecoins on each network. The figures show differing changes alongside a flat overall total, but do not identify what caused those changes.