Stablecoins are making waves in the crypto world, hitting new milestones on Ethereum's layer-2 networks. As of December 20, stablecoins on Ethereum reached $13.5 billion, contributing to a total market cap of over $205 billion. Tether (USDT), USD Coin (USDC), and USDe lead the pack.

Layer-2 networks, like Arbitrum One and Base, are seeing significant stablecoin activity, with values nearing $12 billion. This growth highlights stablecoins' increasing role in real-world applications. Experts predict continued expansion, potentially doubling the market cap to $400 billion, driven by regulatory developments like the EU's MiCA.