ETH: Stablecoin Transfer Volume by Size

Included with Plus.

The dollar value of US-dollar stablecoin transfers on Ethereum per period, by the size of each transfer.

Why use it. Where the money moves: almost all of the value goes in transfers of $1 million or more, while almost all of the transfers are small. How to read it. Bands stack to the value of every counted transfer. Transfers are not netted, so a payment routed through a contract counts twice; the netted and filtered volume is in Stablecoin Transfer Volume: All and Filtered.

Calculation. Each hour, the dollar amounts of the counted transfers summed by band. Bands by the dollar amount of each transfer: under $1 (dust, which carries the tiny transfers sent in address-poisoning scams), $1 to $250 (retail-sized, the size of everyday consumer payments), $250 to $10,000, $10,000 to $100,000, $100,000 to $1 million, and $1 million or more. A transfer counts when it moves more than zero tokens between two different addresses, neither of them the zero address: mints and burns change the supply and are not payments. Transfers are counted as the token contracts log them, not netted: a payment routed through a contract shows as two transfers. Computed by CryptoKeyhole from its own Ethereum archive node: every Transfer event of the tracked US-dollar stablecoins (USDT, USDC, USDS, USDe, DAI, crvUSD, PYUSD, USDf, USD1, RLUSD, GHO, USD0, USDtb, FDUSD and the smaller or wound-down BUSD, TUSD, USDP, GUSD, FRAX, FEI, LUSD, HUSD and MIM) in the blocks of each completed UTC hour, the same blocks as the stablecoin flow charts, each token at face value (one token as one US dollar). History from 16 October 2026, 00:00 UTC; hours are added as their blocks become final, and the latest day is a partial. Ethereum only.