Stablecoin transfers hit $15.6 trillion in Q3 2025
The total volume of stablecoin transfers reached a record $15.6 trillion in Q3 2025, expanding the overall market to more than $300 billion. Net inflows exceeded $46 billion, with USDT, USDC, and Ethena USDe emerging as the main beneficiaries of the growth.
According to Cex.io, around 71% of all transactions were executed by trading bots.
During the quarter, the stablecoin supply increased by $45 billion (+18%), pushing the total market size beyond $300 billion.
USDT and USDC dominate quarterly inflows
In addition to transaction volume, the net inflow — the difference between issued and redeemed stablecoins — also rose in Q3 2025.
Data from RWA.xyz shows that net inflows exceeded $46 billion.
- USDT (Tether) attracted nearly $20 billion
- USDC (Circle) — $12.3 billion
- Ethena USDe — $9 billion
Google searches for “stablecoin” also reached record highs amid ongoing regulatory developments.
Expert opinion
Ilya Otychenko, analyst at CEX.io, described Q3 2025 as “the most active period ever” for stablecoins.
He added that about 71% of all transfers were made by bots,
20% were organic user activity,
and the remaining 9% came from smart contract and intra-exchange transactions.
The report also notes that retail transfers below $250 hit an all-time high in September.
Experts expect the total value of such small transactions to exceed $60 billion by the end of 2025.
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