Stablecoin net inflows increase by 324% from Q2 to Q3 2025

On-chain data shows that stablecoin net inflows surged by 324% from $10.8 billion in Q2 to $45.6 billion in Q3 2025. USDT, USDC, and the rise of Ethena’s USDe contributed a bigger share to the ￰0￱ from ￰1￱ revealed that stablecoins saw more than $46 billion in net inflows in the last 90 ￰2￱ firm showed that USDT stablecoin led in Q2 with roughly $19.6 billion in net inflows, followed by USDC with $12.3 billion and USDe’s $9 billion net ￰3￱ the past 90 days, net inflows into stablecoins have totaled >$45 billion. – cointelegraph ￰4￱ — NekoZ (@NekozTek) September 29, 2025 USDT leads stablecoins with the most net inflows Other stablecoin issuers followed with smaller contributions, including PayPal’s PYUSD, which added $1.4 billion, while MakerDAO’s USDS saw around $1.3 billion in net inflows.

Ripple’s Ripple USD (RLUSD) and Ethena’s USDtb also showed steady gains during the period. On-chain data shows that Stablecoins added approximately $56.5 billion over the past six months, with a total of only $10.8 billion recorded in the second ￰5￱ experienced the most inflows in the third quarter, reflecting the recent surge in stablecoins led by USDT and USDC, as well as the rise of algorithmic entrants like ￰6￱ revealed that Tether USDT saw the most inflow in both Q2 and Q3, with around $19.6 billion this quarter and $9.2 billion in the previous ￰7￱ followed with an increase from $500 million in net issuance from April to June to $12.3 billion in Q3.

Athena’s USDe also recorded a dramatic shift, jumping from $200 million in Q2 to roughly $9 billion in the last quarter.