Ethereum: Q4 stablecoin transfer volume surpasses US$8 trillion…strengthens position as payments and tokenization hub
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- The Ethereum network's stablecoin transfer volume surpassed US$8 trillion in Q4 2025, marking an all-time quarterly high.
- Stablecoin issuance grew to US$181 billion by the end of 2025, a 43% increase from the start of the year, driven by increased real use for payments and settlement.
- Ethereum maintains market dominance in on-chain real-world asset tokenization and stablecoin issuance, with shares of 65% and 57%, respectively.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
The scale of stablecoin transfers on the Ethereum network hit a quarterly record, further reinforcing its status as a global payments and asset tokenization infrastructure.
According to Cointelegraph on the 5th (local time), stablecoin transfers on Ethereum in the fourth quarter of 2025 exceeded US$8 trillion. This is nearly double the roughly US$4 trillion recorded in Q2, marking the largest quarterly volume on record.
Stablecoin issuance also expanded rapidly. According to Blockworks, the amount of stablecoins issued on the Ethereum network at the end of 2025 stood at about US$181 billion, an increase of about 43% from US$127 billion at the start of the year. Market observers say the increase in transfer volume is driven more by real use for payments and settlement than by speculative demand.
Network activity indicators rose alongside. According to Etherscan, Ethereum's daily transaction count reached 2.23 million at the end of December, an all-time high, representing roughly a 48% increase year-on-year. Monthly active addresses also hit a record of 10.4 million, and the number of unique addresses participating in sending/receiving over a single day exceeded 1 million.
Ethereum's dominance in real-world asset (RWA) tokenization remains intact. RWA.xyz reports that Ethereum accounts for about 65% of on-chain real-world asset value, and the share exceeds 70% when including Layer 2s and EVM-compatible networks. Ethereum also maintains the top position in stablecoin issuance with a 57% share.
Market-leading stablecoin Tether (USDT) accounts for 60% of the total stablecoin supply of about US$187 billion, and more than half of that supply is circulating on the Ethereum network.
