Ethereum stablecoin volume hit record $8T in Q4 2025

Trading volume for stablecoins on the Ethereum network surpassed $8 trillion in the fourth quarter of 2025, setting an all-time high, Cointelegraph reported, citing data from Token Terminal. The figure represents a twofold increase from the approximately $4 trillion recorded in the second quarter of the same year. During that period, the number of active Ethereum addresses also reached a new peak. According to the report, the issuance of Ethereum-based stablecoins grew by approximately 43% in 2025. The Ethereum network now accounts for 57% of all stablecoins and about 65% of tokenized real-world assets (RWAs). Cointelegraph noted that with more than half of all Tether (USDT) now issued on Ethereum, the trend suggests that demand for actual on-chain payments and settlements is growing beyond speculative trading.