The volume of stablecoin transfers on Ethereum exceeded $8 trillion in the fourth quarter of 2025, a new all-time high, Token Terminal reported on Monday.
The $8 trillion milestone is nearly double the more than $4 trillion in remittances in the second quarter, according to the chart.
According to Blockworks, stablecoin issuance on Ethereum increased by about 43% from $127 billion in 2025 to $181 billion by the end of the year.
“This is not speculation. This is global payments happening on-chain,” BMNR Bullz commented on X. This was before SWIFT-style integration, full RWA tokenization, and institutional rails went live. “The rails are already being built; adoption is catching up,” they added.
Ethereum transactions and addresses reach peak
This milestone coincided with the total number of daily transactions on the Ethereum (ETH) network reaching an all-time high of 2.23 million in late December, according to EtherScan. Ethereum daily transactions are currently up 48% compared to the same period last year.
Token Terminal reports that Ethereum monthly active addresses reached a record high of 10.4 million in December.
Related: Ethereum added $1 billion in stablecoins almost every day last week
The number of unique addresses active on the network as senders or recipients each day has also increased, reaching more than 1 million in late December.
Ethereum remains the king of RWA tokenization
According to RWA.xyz, the Ethereum network remains the primary payment layer for stablecoins and real-world asset tokenization, accounting for approximately 65% market share of total RWA on-chain (approximately $19 billion).
Including Layer 2 and EVM networks increases its market power to more than 70%.
Ethereum currently holds a 57% market share of all stablecoins issued, with the Tron network in second place with a 27% share.
Tether (USDT) remains the market leader with $187 billion issued, or 60% of the total stablecoin market, with more than half of that issued in Ethereum.
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