Ethereum's stablecoin transfer volume has reached a monumental milestone in Q4 2025, processing nearly $6 trillion and comfortably surpassing the network's Q3 total. This surge in settlement activity has even outpaced recent quarterly transaction volumes reported by traditional payment giants Visa and Mastercard, according to data from Token Terminal.
The record-breaking volume is part of a broader trend of accelerating activity on the Ethereum network. Daily stablecoin transfer volume has surged past $85 billion, far ahead of every other blockchain. This has been facilitated by a significant drop in median transaction fees to near-zero levels, even as the total stablecoin supply on Ethereum climbed above $180 billion. The combination of low costs and rising liquidity has pushed capital velocity on the network to an all-time high, particularly within low-risk DeFi applications.
The majority of this settlement flow was driven by the two largest dollar-pegged stablecoins, Tether (USDT) and USD Coin (USDC). The data underscores a growing trust in Ethereum to move money at scale, with volume consistently climbing from a range of $1-2 trillion per quarter in early 2023, through 2024, and exploding in 2025.
Analysts are noting a fresh accumulation pattern forming alongside this settlement surge, with sustained buying activity around major support zones. At the time of reporting, Ethereum's native token, ETH, was trading around $3,030, stabilizing after a brief push toward $3,150. Technical indicators showed the asset in a consolidation zone, with the Relative Strength Index (RSI) at 45 (neutral) and the Chaikin Money Flow (CMF) at 0.10 indicating mild buying pressure returning to the market.
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