Key Takeaways:
- Ethereum stablecoin activity is at an all-time high with over 750,000 unique weekly users.
- USDT and USDC continue to dominate but face growing competition from emerging stablecoins.
- Real-world use cases — from payroll to remittances — are driving mainstream adoption of stablecoins.
Ethereum [ETH] has reached a historic milestone in stablecoin adoption, with more than 750,000 unique users interacting with tokens like USDT and USDC in a single week — the highest level ever recorded. This signals a pivotal shift in stablecoin usage, from mere trading tools to essential financial infrastructure.
Ethereum Stablecoin Senders Reach All-Time High
According to data from The Block, Ethereum-based stablecoins have achieved a significant milestone: over 750,000 weekly senders — the most in the network’s history. The chart shows a steady climb in engagement since early 2025, pointing to a consistent rise in real-world utility for these digital assets.
This growing activity highlights how stablecoins are evolving beyond speculative markets. Their use in remittances, payments, payrolls, and other decentralized financial applications is fueling this adoption curve.
USDT and USDC Dominate, but New Rivals Emerge
Ethereum’s stablecoin economy is still dominated by Tether (USDT) and Circle’s USD Coin (USDC), which collectively represent over $114 billion of the network’s $134 billion in stablecoin supply. USDT holds the lion’s share at $73 billion, while USDC comes in second with $41 billion.
However, a growing number of new stablecoin protocols — from algorithmic models to regional fiat-backed tokens — are starting to challenge this dominance. These new entrants are focusing on lower fees, higher yields, and targeted user incentives to carve out market share.
Also Read: Ethereum Price Nears Breakout After Wyckoff ‘Test’ Phase Confirmation
Stablecoins Powering Real-World Financial Use Cases
The surge in Ethereum stablecoin activity is also being driven by greater institutional integration and cross-border utility. As companies begin embedding stablecoins into their infrastructure, they’re being used for:
- Global remittances
- B2B cross-border settlements
- On-chain salaries and invoicing
In economies suffering from high inflation or limited banking infrastructure, stablecoins are becoming a viable alternative to traditional fiat systems. Their ability to maintain purchasing power while providing the speed and transparency of blockchain is transforming how value moves globally.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
