Ethereum stablecoin monthly trading volume hit a record high of approximately $2.82 trillion.

Ethereum stablecoin on-chain transaction volume reached approximately $2.82 trillion in October, a month-on-month increase of about 45%, setting a new all-time high. USDC led the way with approximately $1.62 trillion in transaction volume that month, followed by USDT at approximately $895.5 billion; DAI saw a decrease from September at approximately $136 billion.