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Ethereum Stablecoin Volume Hits New Record

Ethereum did $908 billion in stablecoin volume in April according to onchain data.
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May 16, 2025 • 1 min read

Ethereum stablecoin volume soared to a record $908 billion in April, with USDC leading the charge amid increased institutional adoption, The Block reports.

What’s the Scoop?

  • Record Volume: Ethereum filtered onchain volume of stablecoins reached a new all-time high in April, hitting $908 billion.
  • Institutional Adoption: Institutional adoption and high-profile developments have driven increased use of stablecoins on Ethereum.
  • USDC Dominance: USDC saw particularly strong growth, exceeding $500 billion in transaction volume over the past six months.

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