According to Coinomedia, USDT transfer volume on Ethereum reached a record $532.3 billion in a single month, with 11.2 million transactions recorded. This marks the highest ever for Ethereum, which remains the dominant blockchain for stablecoin activity despite growing competition from Tron, Solana, and BNB Chain. The surge is attributed to Ethereum’s security, developer ecosystem, and DeFi infrastructure, with increased usage from decentralized exchanges, arbitrage, and Layer 2 solutions.
USDT Usage on Ethereum Hits Record $532.3B in Monthly Transfer Volume
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