Home Ethereum Stablecoin Settlements Hit Record $2.8T As Traders Chase Yield In Slowdown

Ethereum Stablecoin Settlements Hit Record $2.8T As Traders Chase Yield In Slowdown

By Ruchi SharmaNovember 4, 20251 Mins read795 Views

Ethereum Stablecoin Settlements Hit Record $2.8T As Traders Chase Yield In Slowdown

Ethereum stablecoin settlements soared to a record $2.82 trillion in October, rising 45% from September’s $1.94 trillion, according to The Block. The spike reflects aggressive liquidity rotation and yield-focused strategies amid a retreat from the recent bull-market peak.

USDC dominated with $1.62 trillion in volume, followed by USDT at $895.5 billion, both logging month-on-month increases. MakerDAO’s DAI ranked third at $136 billion, though down from September’s $141.2 billion and far below its May peak of $470.7 billion.

Analysts say traders piled into stablecoins to pursue higher-yield DeFi products, especially liquid yield tokens, following the Circle IPO buzz and the Genius Act. With Bitcoin sliding 11.5% to $108,229 and Ethereum down 16.4% to $3,754, investors are cycling capital into stable assets and preparing to buy dips. Kronos Research CIO Vincent Liu noted that elevated stablecoin flows signal strategic liquidity management during a period of profit-taking and market recalibration.

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Ruchi Sharma -

Ruchi Sharma is a seasoned media professional with over 20 years of experience in the industry, including 4 years dedicated to Blockchain Industry and Web3. Holding a Master’s degree in Mass Communication and a Bachelor’s degree in Commerce, Ruchi combines academic excellence with a dynamic career that spans across roles as an Anchor, Writer, Correspondent, and Producer.

Her transition into the blockchain sector reflects a deep passion for emerging technologies, with a sharp focus on NFTs, Blockchain innovation, and Decentralized ecosystems. Leveraging her extensive media background, Ruchi excels at breaking down complex concepts into engaging narratives, making her a trusted voice for audiences navigating the fast-evolving Web3 space.

Known for her editorial precision and journalistic depth, Ruchi brings a rare blend of storytelling expertise and technical insight, ensuring her work remains impactful, informative, and forward-looking in the rapidly transforming digital economy.