Stablecoins are fast becoming the dominant on-chain use case and now the most efficient gateway for capital. With over USD 290 billion in circulation and double-digit growth rates, they form the financial layer of a new financial system. Their advantage: transactions are global, permissionless, and directly embedded in code via smart contracts. Stablecoins transform financial flows into programmable liquidity - the foundation for lending, trading, and payments across the entire DeFi ecosystem.

Ethereum is the settlement layer behind this dynamic. It provides the institutionally relevant settlement layer: transparent, immutable, and globally accessible. With every stablecoin transfer, every credit line, and every derivative running on Ethereum, its importance as a neutral clearinghouse for the global economy increases.

The "ETH Supercycle" describes the mutual reinforcement of stablecoin demand and ETH settlement. More stablecoins generate more settlement volume; Increased settlement capacity, in turn, strengthens confidence in stablecoins as digital dollars. This interplay creates a structural growth pattern with high network efficiency and increasing capital commitment.

For investors, this is creating one of the most attractive markets in the digital finance sector: Stablecoins as scalable digital cash and Ethereum as a global settlement layer are complementary assets with long-term disruptive potential - the building blocks of a new, software-driven financial infrastructure.