Looking at this set of data makes it clear.

Currently, the stablecoin reserves on the Ethereum mainnet and Layer 2 networks have reached $187 billion, just slightly less than the UK's foreign exchange reserves ($189.2 billion). What does this mean?

A public chain that has only been running for 10 years has reserves nearly matching the UK, which has over 300 years of central banking history. This reflects the genuine demand and confidence of the global crypto market in Ethereum's ecosystem of stablecoins.

Since 2015, Ethereum has proven its financial competitiveness with real data. The prosperity of the stablecoin ecosystem is a sign of mature public chain infrastructure—DeFi, payments, cross-chain bridges—all built on this stablecoin reserve. This scale of assets is no longer just comparable to a certain crypto project but to the scale of real national-level financial assets.