Stablecoin transfer volume reached a record $15.6 trillion in Q3 2025, bringing the total market to over $300 billion.
Net inflows exceeded $46 billion, with USDT, USDC, and Ethena (USDe) the main beneficiaries of this growth.
According to Cex.io, approximately 71% of all transfers were executed by trading bots.
Stablecoin transfer volume rose to a record $15.6 trillion in Q3 2025. The majority of transactions were carried out by automated trading bots. According to a Cex.io report, stablecoin supply increased by $45 billion (+18%) during the quarter, bringing the total market to over $300 billion.
USDT and USDC dominate quarterly inflows
In addition to transaction value, net inflows—the difference between issued and redeemed stablecoins—also increased in Q3 2025. According to RWA.xyz, net stablecoin inflows exceeded $46 billion.
USDT (Tether) attracted nearly $20 billion, USDC, Circle's stablecoin, attracted $12.3 billion, and Ethena's synthetic dollar, USDe, attracted $9 billion. Google searches for "stablecoin" also reached record highs amid regulatory news.
Expert Opinion
CEX.io analyst Ilya Otychenko called Q3 2025 "the most active period" for stablecoins. He added that bot-based transfers accounted for approximately 71% of total stablecoin transfer volume in Q3.
Organic activity, unrelated to bots, accounted for approximately 20%, with the remaining 9% coming from internal smart contract transactions and intra-exchange transactions.
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 volume of such transactions will exceed $60 billion.