Ethereum stablecoin trading volume surpassed $8 trillion in Q4 last year, reaching an all-time high.

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Citing data from TokenTerminal, Cointelegraph reported that Ethereum (ETH)-based stablecoin trading volume reached a record high of over $8 trillion in the fourth quarter of last year. This is double the volume (about $4 trillion) compared to the second quarter of last year, and the number of active Ethereum addresses also reached a record high during the same period. The media outlet explained, "Last year, Ethereum-based stablecoin issuance increased by about 43%, and Ethereum accounts for 57% of all stablecoins and about 65% of real-world asset (RWA) assets. Notably, more than half of Tether (USDT) issuance is currently based on Ethereum, showing that actual payment and settlement demand is moving on-chain beyond speculative trading."

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