Stablecoin transfer volume reached $15.6 trillion in Q3 2025
- The volume of stablecoin transfers in Q3 2025 reached a record $15.6 trillion, expanding the total market to over $300 billion.
- Net inflows exceeded $46 billion, with USDT, USDC, and Ethena USDe emerging as the main beneficiaries of this growth.
- According to Cex.io, around 71% of all transfers were executed by trading bots.
Stablecoin transaction volume rose to a record $15.6 trillion in Q3 2025, with most operations driven by automated trading bots. Cex.io’s report states that the total stablecoin supply increased by $45 billion (+18%) during the quarter, expanding the overall market to over $300 billion.
USDT and USDC dominate quarterly inflows
In addition to transaction volume, net inflows — the difference between issued and redeemed stablecoins — also grew in Q3 2025.
According to RWA.xyz, total net inflows surpassed $46 billion.
USDT (Tether) attracted nearly $20 billion, USDC (by Circle) $12.3 billion, and the synthetic dollar Ethena USDe $9 billion.
Google searches for the term “stablecoin” also hit record highs amid regulatory news.
Expert opinion
CEX.io analyst Ilya Otychenko called Q3 2025 “the most active period” for stablecoins.
He noted that bot-driven transfers accounted for about 71% of the total stablecoin transaction volume during the quarter.
Organic activity unrelated to bots made up around 20%, while the remaining 9% came from smart contract interactions and internal exchange transfers.
According to the report, the volume of retail stablecoin transfers under $250 reached an all-time high in September.
Experts predict that by the end of 2025, the total volume of such transactions will exceed $60 billion.
See also: "Government’s Bitcoin Reserves Exceed $36 Billion"
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