According to CoinWorld, based on the latest data from Dune and Visa, Ethereum's market share in non-USD stablecoin supply has decreased from 90% at the beginning of 2023 to 65% as of February 2026, indicating that other blockchains are rapidly capturing market share. Nevertheless, Ethereum remains the main chain for stablecoin issuance. Notably, Ethereum ranks fifth in the number of independent senders within the stablecoin network, but the overall ecosystem's user adoption rate continues to grow, with independent senders increasing from 2,000 last year to 12,000, reflecting the accelerating expansion of the stablecoin ecosystem.