USDC Transfer Volume on Ethereum Hits Record $748 Billion

In July 2025, USDC usage on the Ethereum network hit record highs with monthly transfers reaching $748.3 billion and 8.3 million transactions, approaching large banking system scales.

This surge signifies growing stablecoin integration within Ethereum, impacting gas fees and DeFi volumes, amid Circle’s ongoing leadership in the stablecoin market.

USDC’s $748 Billion Surge Reflects Financial Evolution

The July 2025 surge in USDC on Ethereum reflects growing confidence in utilizing stablecoins within large network infrastructures. Token Terminal’s data shows an unprecedented $748.3 billion monthly transfer volume, aligning with Circle’s objectives for broad stablecoin adoption.

This increase positions USDC transfers as almost equivalent to large-scale banking operations, pointing to the financial sector’s evolution toward blockchain-based solutions. Increased reliance on Ethereum for these transactions underscores the blockchain’s role in stablecoin ecosystems.

“As of August 25, 2025, there were no official executive or regulatory statements regarding the record-breaking July 2025 transfer volumes of USDC.”

July 2025 Stablecoin Metrics and Market Implications

Did you know? The USDC surge in July 2025 marks the highest stablecoin volume since the DeFi Summer of 2021, highlighting Ethereum’s continuing dominance in decentralized finance.

As of August 25, 2025, USDC trades at $1.00 with a market cap of $67.38 billion. Holding a 1.74% market dominance, its 24-hour trading volume surged 122.66%, totaling $22.87 billion. Prices remained stable, recording minor fluctuations over the past 90 days CoinMarketCap.

Insights from Coincu show that such stablecoin movements could anticipate larger technological shifts. With historical usage peaks coinciding with economic stressors, experts suggest future regulatory scrutiny is on the horizon as stablecoins intertwine more deeply with traditional finance MIIT Digital Economy Integrated Management Platform.