#binance #hype #zec #near
19/12/25 09:53 UTC-04

USDT Activity on the Ethereum Network Reaches a New All-Time High

The USDT stablecoin on the Ethereum (ETH) network has reached an all-time high in a key metric — user activity. According to on-chain data, the 30-day simple moving average of active addresses has exceeded 200,000, setting a new record for the ERC-20 version of the stablecoin. This indicates a sharp increase in the number of participants using USDT for transfers, trading, and interactions with protocols.

An increase in activity around a stablecoin is typically interpreted as a rise in so-called dry powder — liquidity ready to be deployed. Investors move USDT to exchanges or DeFi protocols, which often precedes purchases of risk assets, including Bitcoin and Ethereum. In the past, such phases have frequently coincided with increased volatility and growing market demand.

Since the data relates specifically to the ERC-20 network, the current surge reflects renewed activity within the Ethereum ecosystem. The growth in the number of active USDT addresses is linked to increased DeFi operations, transfers between exchanges, and overall network load. This confirms that Ethereum continues to serve as a key infrastructure for stablecoin circulation.

In a broader context, the global market is showing a reallocation of capital rather than an outflow. The total supply of ERC-20 stablecoins has reached approximately $160 billion and remains near historical highs. After a short-term contraction during the risk-off period in 2022, supply has returned to steady growth, indicating that capital is being retained within the crypto ecosystem.

This process is of particular significance for the Japanese crypto market. As the tax environment and investment infrastructure improve, domestic capital may begin returning to the market more actively. Against this backdrop, the role of JPYC — a yen-denominated stablecoin — could strengthen both in trading pairs and in real-world use cases, including Web3 services and payments.

See also: "CF Benchmarks CEO: Ripple’s Popularity Helped XRP ETFs Surpass the $1 Billion Mark"

#Ethereum (ETH) #USDT #Stablecoins

Editor: Pereyidenko Ihor
Comments

Similar

13/08/25 05:36 UTC-04

Cryptocurrency Market Records $76 Billion Inflows via Stablecoins

Since November last year, the stablecoin market has shown rapid growth, becoming one of the key indicators of the strengthening cryptocurrency sector. The total market capitalization of Tether (USDT) has increased from $120 billion to $164.5 billion, while Circle’s USD Coin (USDC) grew from $34 billion to $65.1 billion.

07/08/25 03:52 UTC-04

After the GENIUS Act: Tron Now Controls 51% of USDT Supply

CryptoQuant researcher Burak Keçmeçi reminded that on July 18, 2025, the U.S. Congress passed the GENIUS Act — the first federal regulation governing the circulation of payment stablecoins in the United States.

30/07/25 05:40 UTC-04

Asian Countries to Tighten Crypto Regulations

The Bank of Korea (BoK) has created a new division to monitor the crypto market, Indonesia has announced increased taxes on crypto transactions, and Hong Kong has finalized its rules for stablecoins. ForkLog has compiled the latest developments from Asia.