Stablecoin Summer Drives Record $1.5 Trillion Monthly On-Chain Volume

The stablecoin sector has entered a historic phase, with on-chain transaction volume surpassing $1.5 trillion in a single month for the first time ever [1]. This figure, reported by blockchain analytics firm Sentora, highlights the growing role stablecoins play in global crypto transactions in 2025. Tether (USDT) and USD Coin (USDC) dominate the market, with USDT processing over $1.6 trillion in cumulative monthly volume [1]. USDC continues to gain traction across major blockchains like Ethereum, Solana, Base, and Blast. Meanwhile, smaller stablecoins such as DAI, FDUSD, and PYUSD are also seeing increased adoption, indicating a broader diversification of stablecoin usage [1].

The surge in stablecoin activity reflects both retail and institutional demand for seamless liquidity, cross-border settlement, and DeFi integration. Analysts attribute this trend to a period dubbed “Stablecoin Summer,” characterized by increased capital inflows and integration deals that are reshaping how value moves across blockchain networks [1]. This trend is further supported by regulatory clarity, particularly in the United States and Europe. The U.S. GENIUS Act, signed into law on July 19, provides federal guidelines for stablecoins and digital asset-backed products, including reserve requirements and oversight by the Federal Reserve [1]. In parallel, Europe’s MiCA framework is fostering institutional confidence in stablecoin-based financial infrastructure.

Beyond traditional trading volumes, stablecoins are expanding their utility in decentralized finance (DeFi) and cross-chain applications. They are now a core component of yield farming, NFT marketplaces, on-chain payroll systems, and Layer-1 bridge liquidity. Their adoption is also being driven by institutions and fintech firms seeking cost-effective and fast transaction rails [1]. As digital dollars become more familiar to users, the barrier to entry for alternative cryptocurrencies with strong distribution models is lowering, making the broader crypto ecosystem more accessible.

While the top stablecoins like USDT and USDC continue to dominate, the growing adoption of stablecoins points to a broader transformation in global financial infrastructure. With $1.5 trillion in monthly on-chain volume, the momentum is clear: stablecoins are no longer just a vehicle for parking capital—they are fueling a new era of decentralized finance and global value transfer [1].

Source: [1] Stablecoin summer heats up: $1.5 Trillion volume shatters records (https://invezz.com/news/2025/08/07/stablecoin-summer-heats-up-1-5-trillion-volume-shatters-records/)