Stablecoin Volume on Ethereum Breaks $2.8 Trillion Record in October

Stablecoin Volume on Ethereum Breaks $2.8 Trillion Record in October

Stablecoin transactions on Ethereum hit a record $2.82 trillion in October, up 45% from September’s $1.94 trillion. The spike came as traders sought yield during a broader market slowdown. USDC led with $1.62 trillion in volume, followed by USDT at $895.5 billion. DAI ranked third at $136 billion, down from September’s $141.2 billion and far below May’s $470.7 billion peak. This story is an excerpt from the Unchained Daily newsletter.   To get t…

Ethereum price prediction: Will record $2.82T stablecoin volume push ETH higher?

Ethereum (ETH) is holding firm around $3,604 as on-chain data shows the network processing a record $2.82 trillion in stablecoin volume this month. The surge underscores Ethereum’s dominant position as the settlement layer of choice for digital dollars, and could…

Unprecedented Ethereum-Based Stablecoin Volume Soars To New Heights

BitcoinWorld Unprecedented Ethereum-Based Stablecoin Volume Soars to New Heights The cryptocurrency world recently witnessed an extraordinary event in October. Trading activity for Ethereum-based stablecoin volume reached an astonishing all-time high, surpassing $2.8 trillion. This unprecedented surge signals crucial shifts within the digital asset landscape, capturing the attention of investors and analysts alike. It’s a clear indicator of evol…

Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?

Ethereum price has remained under pressure, but stablecoin activity on its network surged to new highs in October. Ethereum-based stablecoins recorded a massive $2.82 trillion in on-chain trading volume, up 45% from September. This is the largest monthly volume on record. The most traded was USDC where it generated 1.62 trillion. Ethereum Stablecoin Volume Hits The post Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Cr…

Ethereum’s $165 Billion Stablecoin Surge Positions It As A Global Digital Reserve Power

Ethereum’s network has achieved a remarkable milestone, with stablecoins issued on its blockchain amassing approximately $165 billion in reserves, surpassing the foreign exchange reserves of nations such as Singapore and India. This achievement highlights Ethereum’s transformation from a decentralized smart contract platform into a cornerstone of the global digital economy. Despite this impressive growth, Ethereum’s […]