ETH: Stablecoin Transfers by Size
Included with Plus.
The number of US-dollar stablecoin transfers on Ethereum per period, by the size of each transfer.
Why use it. Who is using stablecoins: a rise in the small bands is people paying and saving in dollars on chain; the large bands are traders, funds, exchanges and market makers moving money. How to read it. Bands stack to every counted transfer. The dust band swings with address-poisoning campaigns, which send thousands of transfers of a fraction of a cent to look like a victim's usual counterparty; read the retail-sized band without it.
Calculation. Each hour, every counted transfer of every tracked dollar stablecoin goes into the band of its amount. 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.