Les stablecoins sur Ethereum atteignent une activité record fin 2025 après 12 mois de croissance continue

L'écosystème Ethereum vient de franchir un cap historique. Les stablecoins ont enregistré leur pic d'activité absolu au dernier trimestre 2025, clôturant une année de progression ininterrompue.

Une trajectoire ascendante inébranlable

Douze mois de hausse constante ont propulsé l'utilisation vers des sommets inédits. La croissance s'est maintenue mois après mois, démontrant une adoption organique qui résiste aux cycles volatils des marchés.

Le réseau prouve sa résilience

Cette performance souligne la robustesse de l'infrastructure Ethereum comme colonne vertébrale de la finance décentralisée. Les transferts de valeur stables contournent désormais régulièrement les systèmes traditionnels—une petite piqûre pour les banques centrales qui surveillent encore leurs tableaux de bord désuets.

L'activité record n'est pas un accident isolé, mais le point culminant d'une tendance durable. Les chiffres parlent d'eux-mêmes : quand l'adoption réelle dépasse le simple battage médiatique, même les sceptiques doivent prendre note. La finance traditionnelle peut continuer à ergoter sur la réglementation, pendant que les stablecoins continuent simplement… de fonctionner.

Stablecoins remained active even below market price records

Crypto valuations at the end of 2025 have deflated below their peak levels, while stablecoin users retained the high activity levels. ethereum activity shows a structural shift in digital asset activity, independent of the BTC and ETH price cycle.  

Stablecoins have multiple use cases, including arbitrage, P2P movements, lending, and settlements between whales or even institutions. During previous cycles, spikes in stablecoin activity were short-lived, while the activity in 2025 remained at a high baseline, with sustained growth. 

Stablecoin transfers became one of the key avenues for positioning capital. The high activity may also signal repositioning, seeking out the best venues of liquidity. Stablecoins were used as lending collateral, DEX trading pairs, and other active allocations, instead of being used to park value. The availability of yield also greatly expanded stablecoin turnover. 

During past crypto cycles, high stablecoin activity signaled accumulation rather than distribution. Despite the slide of btc from its highs, stablecoin activity showed the market was still searching for opportunities.

Ethereum becomes a high-value stablecoin hub

Ethereum became a hub for high-value transfers, with usdt and USDC among the top 5 smart contracts on the network. Stablecoins were also among the chief reasons for Ethereum’s recent transaction record, as Cryptopolitan reported. The top three stablecoins on Ethereum remain USDT, USDC, and DAI, the legacy stablecoin of the Sky ecosystem. 

In the past year, usdc expanded its influence on value transfers, carrying the bulk of value on Ethereum, despite having a lower transaction count. | Source: Dune Analytics

USDT has a 54.77% dominance, with around 37% for USDC based on transaction levels. Both tokens expanded their transaction activity at a near-exponential rate in the last months of 2025. 

However, USDC is becoming the value leader, carrying higher volumes despite having lower activity. 

The prevalence of USDC transfers for high-value activities shows another shift in 2025. Over the past 12 months, USDC activity increased, as traders shifted to the fully regulated and accepted token. USDC can be used with no restrictions by US and European traders, while USDT retains its international role outside those markets.

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