According to The Block data, stablecoin trading volume on Ethereum reached an all-time high of $2.82 trillion in October 2025, up 45% month-on-month. Circle's USDC led with $1.62 trillion, USDT followed with $895.50 billion, and MakerDAO's DAI came in third with $13.60 billion. Analysts pointed out that during the crypto market correction (Bitcoin fell 11.5% month-on-month and Ethereum fell 16.4% month-on-month), traders actively sought yield opportunities and managed liquidity in preparation fo...