Stablecoin transaction volume on the Ethereum network reached an all-time high of $2.82 trillion in October. This increase was primarily driven by investors seeking yield opportunities during the crypto market’s slowdown.
Stablecoin Transaction Volume on the Ethereum Network Reaches Record $2.8 Trillion in October
In October, stablecoin volume on Ethereum surpassed the previous record of $1.94 trillion (September 2025), increasing by 45% month-over-month.
Circle’s USDC led the way in volume, with $1.62 trillion in transactions. Tether (USDT) came in second with $895.5 billion. MakerDAO’s DAI stablecoin came in third with $136 billion in volume.
Presto Research analyst Min Jung noted that interest in the stablecoin sector has surged following Circle’s IPO and the passage of the Genius Act. Yield farming, particularly around “liquid yield tokens,” has become extremely active, Jung said.
At a time when Bitcoin and Ethereum lost 11.5% of their market value and 16.4%, investors were observed using stablecoins as a liquidity management and yield tool. Kronos Research CIO Vincent Liu stated that investors were holding their capital in stablecoins to allocate it to new opportunities during this period.
According to experts, this record increase in stablecoin transaction volume indicates that the sector is maturing and is no longer just speculative but expanding into real use cases such as payments and cross-border transactions.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/ethereum-stablecoin-transaction-volume-reaches-record-level-in-october-heres-why/
