Ethereum Sees Record USDT Transfers: 400% Surge in Activity

Tether’s USDT activity on the Ethereum network has reached an all-time high, with transfer volume surging by roughly 400% since its 2023 lows. This surge signals a resurgence of stablecoin transactions and reaffirms Ethereum’s dominance as the leading platform for these operations. Analysis suggests that this increase reflects renewed demand for stablecoin liquidity, particularly in decentralized finance (DeFi) and tokenized asset markets.