Ethereum powers record $8T in stablecoin transfers in Q4

Ethereum processed more than $8 trillion in stablecoin transfers during the fourth quarter of 2025, setting a new all-time high.

Data from Token Terminal shows the figure was nearly double the volume recorded in the second quarter of the year.

Stablecoin issuance on Ethereum grew by about 43% in 2025, rising from $127 billion to $181 billion by year-end, according to BlockWorks.

This isn’t speculation. This is global payments happening on-chain.

BMNR Bullz said.

The rails are already built. Adoption is catching up.

BMNR Bullz added.

The surge in transfers coincided with a peak in Ethereum network activity in late December.

Etherscan data shows daily Ethereum transactions reached a record 2.23 million, up 48% year on year.

Token Terminal reported that monthly active Ethereum addresses climbed to a record 10.4 million in December.

Daily unique active addresses on the network also surpassed one million during the same period.

Ethereum retained its position as the leading settlement layer for real-world asset tokenisation.

RWA.xyz data shows Ethereum accounts for around 65% of total on-chain RWA value, rising above 70% when layer-2 and EVM networks are included.

Ethereum holds roughly 57% of all stablecoins issued, ahead of Tron with a 27% share.

At the time of reporting, Ethereum price was $3,161.70.