The volume of stablecoin transactions on Ethereum (ETH) reached a record US$908 billion in April 2025, driven by the growth of USDC surpassing US$500 billion and the increase of other stablecoins like DAI and USDS.
Large companies like Meta and Stripe are increasingly adopting stablecoins to reduce transaction costs and strengthen their payment systems. Trump's USD1 stablecoin project is also rapidly growing with nearly US$2 billion tokens printed.
Fortune 100 companies are beginning to use stablecoins for cross-border payments, enhancing the legitimacy of this sector. Competition among stablecoin issuers is expected to lower transaction costs and benefit users.
Ethereum's dominance as the primary blockchain for stablecoins remains strong despite challenges from other blockchains and Layer 2 solutions, making it the preferred platform for large stablecoin transactions.
