Data: Ethereum's on-chain stablecoin trading volume reached a record high of $908 billion in April

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According to Techinasia, in April 2025, the trading volume of Ethereum's on-chain stablecoin hit an all-time high of $908 billion, highlighting its growing popularity in the financial sector. USDC stands out in this growth trend, with more than $500 billion in trading volume over the past six months. Other stablecoins, such as DAI and USDS, are also actively trading, suggesting that the stablecoin market is diversifying.
Corporate giants such as Meta and Stripe are also currently exploring or launching stablecoin-based payment solutions. Despite the competition, Ethereum remains the blockchain platform of choice for stablecoin applications, driven by continued growth in transaction volumes and strong corporate interest.

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