Picture this, stablecoins, the unsung heroes of crypto’s frontier, just blew the roof off the quarter with $46 billion net inflow.
That’s a 324% rocket ride from the $10.8 billion seen in Q2, and the usual suspects, Tether’s USDT and Circle’s USDC are leading the stampede, joined by the cheeky newcomer Ethena’s USDe, which made quite the splash with $9 billion in fresh inflows.
Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀
Emerging players
The whole crypto world’s zeroing in on these US dollar-pegged assets like moths to a neon flame.
According to data wizardry from RWA.xyz, USDT minted $19.6 billion worth of new tokens in just the past 90 days.
Followed hot on the heels by USDC, which went from a meh $500 million in Q2 to a nice $12.3 billion in Q3.
Then came Ethena’s USDe, the algorithmic upstart, exploding from a modest $200 million to $9 billion.
Emerging players such as PayPal USD and MakerDAO’s USDS chipped in with a respectable billion-plus each, while Ripple’s RLUSD and Ethena’s USDtb put on a steady show.
Investors want more stablecoins
So, what’s this stablecoin inflow jazz really about? It’s the difference between how many tokens get minted versus how many get cashed out, hinting at the demand jets fueling these dollar-pegged cryptos.
Positive inflows mean investors want more stablecoins parked in their wallets, and the numbers are screaming all aboard!
Ethereum steals the crown as the stablecoin playground, hosting $171 billion of these dollar stand-ins.
Tron tries to keep up with $76 billion in tow, while Solana, Arbitrum, and BNB Chain share a modest $29.7 billion. Market domination?
USDT commands nearly 59% of the pie, USDC clocks in at 25%, and Ethena’s USDe carves out a growing 5% slice. Impressive af!
Fewer guest are dancing
Despite the bullish market cap swell to an estimated $290 billion, not everything in stablecoin land sparkles.
RWA.xyz reports that monthly active addresses took a dip of 22.6% to 26 million, and transfer volume slipped 11% to $3.17 trillion over the last month. So, plenty of cash is flowing in, even if fewer wallets are doing the hustle.
Either way, stablecoins are the steady elephants in a volatile crypto zoo.
They’re hoarding fresh capital like it’s going out of style, driven by established giants USDT and USDC, and the cheeky new programmer on the block, USDe.
As these dollar-pegged tokens stack up in Ethereum’s kingdom, the long game looks like a play for stability amidst chaos, but keep an eye on user activity, the party might roar loud, but fewer guests are dancing.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles
With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: October 1, 2025 • 🕓 Last updated: October 1, 2025
✉️ Contact: [email protected]
