Record USDC Volume on Ethereum Reaches $748.3 Billion: Driving DeFi and Institutional Adoption

USDC’s soaring Ethereum transaction volume has reached an unprecedented $748.3 billion in July 2025, significantly surpassing previous highs and demonstrating its role as a prominent digital dollar for decentralized finance (DeFi), payments, and institutional investment. This surge, fueled by increased trust in USDC’s compliance and growing utility, raises questions about potential regulatory scrutiny impacting costs or adoption rates. The increase marks a notable shift toward traditional banking scale, with industry experts highlighting USDC’s dominance in the stablecoin market and its integration across 23 blockchains further solidifying its position.