Ethereum becomes the settlement hub for USD stablecoins, handling trillions of dollars in daily transaction volume.

According to on-chain data analysis, Ethereum has quietly evolved into the core settlement layer for global USD liquidity, a role far beyond expectations. Statistics show that the Ethereum mainnet handles approximately 9 billion to 10 billion USD in stablecoin transfers daily. This figure is not a mere illusion of DeFi liquidity mining cycles, but real capital settlements.

Stablecoins Become the Actual Application Engine of Ethereum

The main drivers of these transactions are the two major stablecoins, USDT and USDC, which undertake the core functions of payments, fund management, and clearing. Compared to the seemingly inflated transaction volumes on other blockchains, stablecoin transfers on Ethereum represent substantial value flow. This indicates an important phenomenon: when genuine funds need cross-border settlement, the market chooses Ethereum.

Why Large-Scale Funds Prefer Ethereum for Settlement

On the surface, paying transaction fees on Ethereum may seem uneconomical, but the underlying logic emphasizes the importance of settlement certainty and credibility. After more than a decade of operation and validation, Ethereum has become an industry-recognized infrastructure for value settlement. Compared to the short-term incentives of liquidity mining, Ethereum’s settlement reputation is more akin to a gold reserve.

Stablecoins Endow Ethereum with Practical Value

The emergence of stablecoins has allowed blockchain technology to move from experimental to practical applications, and Ethereum provides a solid foundation for the reliable operation of stablecoins. This mutually reinforcing relationship has already formed an insurmountable market advantage. Even as other public chains continue to rise, large-scale funds still prefer to conduct final settlements on the Ethereum mainnet, because certainty itself is a form of premium.