Arbitrum stablecoin supply rises $102M in a day to $3.835B

Stablecoin supply is the closest thing to a dry-powder gauge for an L2, so a $102M single-day jump plus $218M over a week points to fresh capital settling on Arbitrum rather than just rotating within it — though a one-day move can also reflect bridge inflows or a few large mints rather than broad demand. The sixth-place ranking keeps Arbitrum in the top tier but still well behind Ethereum, Tron and Solana, and notably behind Hyperliquid L1, a reminder that stablecoin liquidity is increasingly contested beyond the established rollups. Whether the weekly pace holds, or this proves a one-off spike, is the open question worth tracking.