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Ethereum stablecoin transfer activity reached a historic peak in the fourth quarter of 2025, when the network processed more than $8 trillion worth of stablecoin transactions, according to data released Monday by Token Terminal.
The milestone was recorded globally during Q4, nearly doubling the volume seen in the second quarter of the year, and underscored Ethereum’s growing role as the primary settlement layer for digital dollar payments and tokenized assets.
The Ethereum stablecoin transfer surge occurred as overall network usage climbed sharply, with transaction counts and active addresses reaching all-time highs toward the end of December.
Analysts say the data points to accelerating real-world adoption rather than short-term speculative activity, as stablecoins continue to be used for payments, remittances, and on-chain liquidity management.
The $8 trillion figure marks a decisive jump in Ethereum stablecoin transfer volume compared with earlier in the year. Token Terminal data shows that stablecoin transfers in Q2 totaled just over $4 trillion, meaning Q4 activity almost doubled within six months.
The increase reflects both higher transaction frequency and rising average transfer sizes across major stablecoins issued on the Ethereum blockchain.
Stablecoin issuance on Ethereum also expanded significantly over the course of 2025. According to BlockWorks, the total value of stablecoins issued on the network grew by approximately 43%, rising from $127 billion at the start of the year to $181 billion by year’s end.
That expansion provided the liquidity backbone for the surge in Ethereum stablecoin transfer activity seen in the final quarter.
Commenting on the milestone, crypto market observer BMNR Bullz emphasized the practical nature of the growth.
“This isn’t speculation. This is global payments happening on-chain,” — BMNR Bullz, crypto commentator, on X.
They added that the infrastructure for broader adoption is already in place:
“The rails are already built. Adoption is catching up,” — BMNR Bullz, crypto commentator, on X.
The record Ethereum stablecoin transfer volumes coincided with a sharp rise in overall network activity. According to Etherscan, total daily transactions on Ethereum climbed to an all-time high of 2.23 million in late December.
That figure represents a 48% increase compared with the same period a year earlier, highlighting sustained growth rather than a short-lived spike.
Token Terminal data further shows that Ethereum’s monthly active addresses reached a record 10.4 million in December. In addition, the daily number of unique addresses acting as senders or receivers surpassed one million toward the end of the month.
Together, these metrics suggest that the Ethereum stablecoin transfer boom is supported by a broad and expanding user base.
Analysts often view rising address activity as a stronger indicator of adoption than price movements alone. In this case, the alignment of higher transaction counts, more active users, and record transfer volumes points to Ethereum’s increasing relevance in global digital finance infrastructure.
Beyond payments, Ethereum’s leadership in Ethereum stablecoin transfer activity extends into real-world asset (RWA) tokenization.
Data from RWA.xyz shows that Ethereum accounts for roughly 65% of total on-chain RWA value, estimated at around $19 billion. When layer-2 networks and other EVM-compatible chains are included, Ethereum’s share rises above 70%.
The network also maintains a commanding position in stablecoin issuance more broadly. Ethereum currently hosts about 57% of all stablecoins in circulation, with Tron ranking second at approximately 27%.
Tether’s USDT remains the largest stablecoin by market capitalization at $187 billion, representing about 60% of the entire stablecoin market, and more than half of that supply is issued on Ethereum.
This dominance reinforces Ethereum’s role as the default settlement layer for both digital dollars and tokenized traditional assets.
As Ethereum stablecoin transfer volumes continue to scale, industry participants expect the network to remain central to on-chain payments, decentralized finance, and institutional adoption moving into 2026.
