Ethereum's stablecoin surge and USDC shift fuel AI settlement-layer narrative
Ethereum is widening its lead in on-chain stablecoin activity, adding $7 billion in stablecoin liquidity over one month and posting $2.3 billion in 24-hour inflows. USDC supply on Ethereum rose about 10% over the past month to above $52 billion, while USDT edged up 0.6% to $80 billion. The piece argues that Circle's Circle Nanopayments and BitMine's growing ETH staking exposure could support a thesis of Ethereum becoming a settlement layer for AI-driven payments.
