Tether leads in monthly Ethereum stablecoin volume
2025-11-04 02:25
Stablecoins reached a transaction volume of over $2.8 trillion in October, driven by whales accumulating Ethereum. The data represents a 45% monthly growth from the previous all-time high of $1.94 trillion set in September. The current Ethereum stablecoin market capitalization stands at above $165 billion, up more than 1.36% in the last 7 days. Tether’s USDT led with the most Ethereum in circulation at 85.88 billion ETH, an 8.12% surge in the last month. Circle’s USDC currently has more than 48.2 billion Ethereum in circulation, up 5.79% in the last month. Tether leads in monthly Ethereum stablecoin volume Stablecoin transfer volume on Ethereum is up 1,000% since May 2023. 📈 pic.twitter.com/yKR15C0SWv — Leon Waidmann 🔥 (@LeonWaidmann) November 3, 2025 On-chain data also shows that stablecoin transfer volume on Ethereum has increased by 1,000% since May 2023. Stablecoins account for approximately 60% of the market, with a circulation of over $308...
