Ethereum has become the settlement layer for global dollar liquidity, processing approximately $90 billion to $100 billion in stablecoin transfers daily

Leon Waidmann posted on the X platform that Ethereum is not just a smart contract platform; it has become the settlement layer for global dollar liquidity. The Ethereum mainnet processes approximately $90 billion to $100 billion in stablecoin transfers daily, primarily for payments, financial management, and settlements involving USDT and USDC. These transfers represent real value flow on-chain, rather than DeFi cycles or incentive mining.

Leon Waidmann pointed out that despite the growth of other blockchains, large amounts of capital still choose to settle on the Ethereum mainnet. Users pay transaction fees because they value its settlement certainty and credibility. Stablecoins provide utility to the blockchain, while Ethereum gives reliability to stablecoins.