Ethereum's Stablecoin Ecosystem Shows Resilience with $800 Billion Monthly Volume

Ethereum's stablecoin ecosystem demonstrates resilience, maintaining approximately $800 billion in monthly onchain volume over the past four months, according to The Block's Data and Insights newsletter. The daily count of addresses transferring stablecoins recently hit 600,000 in a single week. USDC and USDT accounted for $740 billion of February's $850 billion total volume. Ethereum hosts $35 billion in USDC and $67 billion in USDT. The U.S. government is advancing a stablecoin bill to establish clear frameworks for issuers.