Ethereum Stablecoin Transfer Volume Nearly Doubles, Reaching $8T

Source: CryptoTale Original Title: Ethereum Stablecoin Transfer Volume Nearly Doubles, Reaching $8T Original Link:

Key Highlights

• Ethereum stablecoin transfers hit a record $8T in Q4 2025, nearly doubling Q2 volume.
• Ethereum-based stablecoin supply grew about 43% in 2025, supporting larger on-chain payments.
• Rising transactions and active addresses show broader Ethereum use for settlement and RWAs.

Stablecoin Transfer Volume on Ethereum

Stablecoin transfer volume on Ethereum rose to a new high in the fourth quarter of 2025, with more than $8 trillion moved on-chain during the period. The total nearly doubled from a little over $4 trillion in the second quarter, which highlights Ethereum’s role as a global settlement network for dollar-pegged tokens.

Furthermore, stablecoin supply rose from about $127 billion at the start of 2025 to about $181 billion by year end, a gain of roughly 43%. A larger supply can support higher transfer totals, since users can settle more value.

Token Terminal’s dataset indicates that Ethereum stablecoin transfer volume reached above $8 trillion for Q4 2025, marking the highest quarterly figure in its series. The metric aggregates value transferred in stablecoins on Ethereum’s main network, and it tracks how often users move digital dollars between wallets, exchanges, and smart contracts.

The quarterly jump followed growth earlier in the year. Q2 transfer volume came in just above $4 trillion, which makes Q4’s figure close to a two-times increase over two quarters. Market data also shows stablecoin supply expanded through 2025, which adds context for the larger settlement numbers.

Rise of Active Addresses

On-chain usage increased alongside the transfer totals. Daily Ethereum transactions hit 2,230,801 on December 29, 2025, the highest daily count in the chart’s history. The year-on-year rise reached about 48% from late 2024 levels.

Monthly active addresses reached 10.4 million in December, while daily unique sending and receiving addresses surpassed one million late in the month. Those figures indicate that more distinct participants sent and received assets, even as transfer values grew.

Several analysts linked the broader address footprint to practical stablecoin use, such as payments, exchange settlement, and treasury movement. Public blockchain data does not identify intent, so the figures cannot separate commerce from trading. Still, the mix of higher totals and higher participation differs from periods when a small number of addresses dominated flows.

Stablecoin Market Share, RWA Tokenization Lead, And Scaling Roadmap

Ethereum remains the largest venue for stablecoin issuance by market share. Recent market summaries place Ethereum near 57% of issued stablecoins, ahead of other chains at about 27%. Tether remains the largest issuer overall, with about $187 billion in circulation, and reporting says more than half of that supply sits on Ethereum.

Ethereum also leads in tokenized real-world assets. Estimates place the total on-chain RWA value around $19 billion, with about 65% of that value attributed to Ethereum. When researchers include Ethereum layer-2 networks and other EVM-compatible chains, estimates put the share above 70%, which keeps much of tokenized asset activity within the broader EVM stack.

Ethereum scaling upgrades continue to advance. PeerDAS, introduced with the Fusaka upgrade in December, lets nodes sample data availability without downloading full datasets. Early zkEVM deployments could start validating blocks with zero-knowledge proofs in 2026, with teams continuing to improve performance and security.