Ethereum Dominates as Stablecoins, RWAs Hit $306 Billion Milestone

- Stablecoins on Ethereum top $160 billion as regulation boosts adoption. - Tokenized real-world assets grow 413% with Ethereum leading at 52% market share. On August 31, 2025, Cointelegraph reported that Ethereum's dominance in stablecoins and tokenized real-world assets (RWAs) is transforming it into the backbone of institutional finance. Recent U.S. legislation further cements its status as the “financial internet.” Ethereum commands 56.1% of the global stablecoin market, which has surged to a capitalization of $280 billion since 2023. The stablecoin supply on the Ethereum blockchain hit a record $160 billion, underscoring its pivotal role in the sector. Projections suggest the stablecoin market could grow to $2 trillion by 2028, further solidifying Ethereum's leadership. Ethereum's dominance is equally pronounced in the rapidly expanding field of tokenized real-world assets, a sector that has surged 413% since early 2023 to reach a valuation of $26.7 billion. Ethereum hosts over $7.6 billion of these tokenized RWAs, accounting for 52% of the market, although some sources estimate this figure rises to 76% when including layer-2 scaling solutions. Tokenized Treasuries on Ethereum currently exceed $5.3 billion. Institutional players like BlackRock, Franklin Templeton, and WisdomTree actively issue tokenized assets on Ethereum, reinforcing its institutional adoption. Complementing Ethereum's market dominance are regulatory developments in the U.S., such as the "Guiding and Establishing National Innovation for U.S. Stablecoins Act" (GENIUS Act), which became law on July 18, 2025. The act provides a federal framework requiring stablecoins to be backed one-to-one by U.S. dollars or short-term Treasuries and mandates public reserve disclosures. As a result, this legislation has increased market stability and highlighted Ethereum’s reliability as a blockchain platform. In addition, the pending "CLARITY Act" aims to deepen legislative clarity. The House of Representatives passed the act in July, and it is currently under review by the Senate. The act would define jurisdictional oversight for digital assets between regulatory bodies like the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), and a pivotal part of the legislation is the introduction of a "mature blockchain" designation. Ethereum will likely meet this classification, enabling it to host a broader range of tokenized financial instruments. This growing convergence of institutional adoption and regulatory support has tangibly influenced Ethereum's token price. Consequently, Ether (ETH) rallied 88% in the two months leading up to August, a price movement that reflects Ethereum's evolving role within global finance and its expansion as a trusted financial infrastructure. According to CoinMarketCap, as of 22:13 UTC on August 31, Ethereum (ETH) was trading at $4,463.05, with its 24-hour trading volume up 2.77%.