USDT Dominates Ethereum’s Record-Breaking $2.8 Trillion Stablecoin Volume in October 2025
The cryptocurrency market witnessed unprecedented growth in October 2025 as Ethereum-based stablecoins achieved a monumental $2.8 trillion in transaction volume, representing a staggering 45% surge from September's previous record of $1.94 trillion. This explosive growth was primarily driven by substantial whale accumulation of ETH, which propelled the network's stablecoin market capitalization beyond $165 billion, marking a consistent 1.36% weekly increase. Tether's USDT continues to dominate the stablecoin ecosystem with an impressive 85.88 billion ETH in circulation, demonstrating robust monthly growth of 8.12%. Circle's USDC maintains its position as the second-largest stablecoin with 48.2 billion in circulation. The remarkable transaction volume highlights the growing institutional and retail adoption of stablecoins for various financial applications, including trading, lending, and cross-border transactions. This surge in stablecoin activity underscores the increasing maturity of the cryptocurrency market and the critical role stablecoins play in providing liquidity and stability. The sustained growth in USDT's circulation and market dominance suggests continued confidence in Tether's position as the leading stablecoin provider, while the overall market expansion indicates healthy ecosystem development and increasing integration of blockchain technology into mainstream finance. These developments point toward a promising future for digital assets, with stablecoins serving as the fundamental building blocks for decentralized finance and traditional financial system integration.
Tether Dominates Ethereum Stablecoin Volume as Market Hits $2.8 Trillion in October
Stablecoins on ethereum shattered records with $2.8 trillion in October transaction volume, marking a 45% surge from September's $1.94 trillion peak. Whale accumulation of ETH fueled the growth, pushing the network's stablecoin market cap above $165 billion—a 1.36% weekly increase.
Tether's USDT commands the ecosystem with 85.88 billion ETH in circulation, up 8.12% monthly. Circle's USDC follows at 48.2 billion ETH, reflecting 5.79% growth. Ethereum's stablecoin transfer volume has skyrocketed 1,000% since May 2023, now representing 60% of the $308 billion circulating stablecoin market.
With USDT holding a $183.6 billion market cap and USDC at $75 billion, stablecoins now process $27 trillion annually—1% of global payment flows. At this trajectory, settlement volumes could eclipse traditional finance networks within years.
BTCC Launches 10% Deposit Bonus Campaign for New Users in 2025
BTCC, one of the longest-operating cryptocurrency exchanges, is rolling out a welcome promotion offering new users a 10% bonus on their first deposit, capped at 10,000 USDT. The initiative targets traders depositing at least 500 USDT, with the bonus automatically credited to eligible accounts.
The exchange's tiered reward structure scales incentives based on deposit size, though full details remain undisclosed. To qualify, users must open a trading position within seven days of depositing. This MOVE aligns with broader industry trends of exchanges competing for market share through aggressive onboarding incentives.
₹200 Cr Crypto Laundering Case: Gujarat-Dubai Network Busted
In a significant crackdown, Gujarat CID and Railways Cyber Centre have dismantled a ₹200-crore cryptocurrency laundering operation linking Gujarat to Dubai. Six individuals were arrested for orchestrating one of India's most intricate digital money-laundering syndicates, employing fake online jobs, loan scams, and high-return investment frauds.
The network utilized a multi-layered approach: stolen funds were funneled through fake bank accounts, withdrawn in Morbi, transported to Surat via angadia couriers, converted into USDT (Tether), and finally moved to Dubai through hawala networks and crypto wallets. Over 100 bank accounts tied to 386 cybercrime cases nationwide were implicated, with 29 in Gujarat alone.
Participants received ₹25,000 monthly for providing account access, while the gang masked transactions under a sham trading company. The operation highlights the growing sophistication of crypto-enabled financial crimes in India.
