Ethereum's on-chain stablecoin transaction volume reached $908 billion in April, setting a new record

According to Techinasia, in April 2025, the transaction volume of stablecoins on the Ethereum chain reached a historic high of $908 billion, highlighting its increasing application in the financial sector. In this growth trend, USDC performed outstandingly, with a transaction volume exceeding $500 billion in the past six months. Other stablecoins, such as DAI and USDS, also showed active trading trends, indicating a diversified development trend in the stablecoin market. Corporate giants like Meta and Stripe are currently exploring or launching stablecoin-based payment solutions. Despite facing competition, Ethereum remains the preferred blockchain platform for stablecoin applications, driven by continuous growth in transaction volume and strong corporate interest.