Ethereum's stablecoin volume hit a record $908 billion in April, with USDC leading with over $500 billion in transaction volume.
Other key contributors included DAI and USDS, reflecting a growing diversity in the stablecoin market.
The spike highlights Ethereum’s increasing role as a settlement layer for digital finance, with stablecoins becoming essential tools for liquidity, payments, and yield strategies.
The trend over the past 12 months shows Ethereum's dominance in stablecoin activity, with USDC leading the way, positioning Ethereum as the hub for decentralized finance and institutional-grade digital assets.