A brand new report on stablecoin exercise in Q3 2025 reveals a ton of bullish figures and rampant bot exercise. Greater than 70% of on-chain transactions had been carried out by automated protocols.
These bots continued rising at a gentle fee, staying lively whereas human merchants cooled down in September. This development might undermine dealer confidence and stablecoins’ acknowledged utility capabilities.
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Bullish Knowledge on Stablecoins
Stablecoins are seemingly all the craze proper now, between explosive valuations, new regulatory breakthroughs, and stiff competitors from new gamers.
Nonetheless, whereas some analysts are asserting that stablecoins are the long run, a brand new report from CEX.io makes daring claims about rampant bot exercise:
“Bot-driven exercise continues to dominate the panorama, accounting for 71% of all on-chain stablecoin transactions, up from 68% in Q2. The surge of bot exercise and unlabeled high-frequency transfers might increase questions on a possible enhance of wash buying and selling and non-economically-valuable transfers inside the stablecoin house,” the report claimed.
In equity, these bot allegations are nestled inside a set of bullish information factors for the stablecoin sector. Complete token provide jumped by round $43 billion, fueled by large minting occasions, and buying and selling exercise hit a four-year excessive.
Retail utilization, which means token transfers below $250, additionally hit an all-time excessive. This ensures that 2025 would be the most lively yr for stablecoin transactions, as this market surpassed everything of 2024 by Q3.
Moreover, the report claimed that this determine excludes all stablecoin transactions involving bots.
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Rampant Bot Exercise
Regardless of these bullish figures, we are able to’t ignore the overwhelming presence of bots within the stablecoin economic system. Merely put, bot exercise on this scale could cause a number of issues.
Automated trades can create irrational habits in token markets, and bot-ridden platforms additionally injury consumer confidence with manipulation fears.
In different phrases, even when bots don’t trigger rampant wash buying and selling with stablecoins, their presence might nonetheless influence retail traders’ habits.
The report claimed that unlabeled bot transactions had been a continuing presence, sustaining excessive volumes even whereas markets cooled down in September.
We’ll should hold a detailed eye on this example as extra information retains coming. Though bots have lengthy been part of the stablecoin economic system, that is getting out of hand.
A significant use case for these tokens is their utility as an on- and off-ramp between crypto and TradFi. That operate appears much less vital in a bot-dominated ecosystem.