ETHEREUM DOMINATES STABLECOIN MARKET AS SOLANA SLIPS TO 4TH

Summary from the TLDR Crypto newsletter

Ethereum's stablecoin market cap hit an all-time high of $167B, cementing its position as the leading stablecoin ecosystem. Meanwhile, Binance Smart Chain flipped Solana, pushing it to fourth place after a $2B decline in circulating stables. With over 80% of non-centralized stablecoin liquidity now on Ethereum L1 and L2 (Arbitrum and Base holding $8B combined), capital is increasingly consolidating around Ethereum's DeFi and payment infrastructure.