Stripe Surpasses $100 Million in USDC Transfers Across Polygon, Ethereum, and Base

Stripe’s Global Financial Accounts service has achieved a major milestone, surpassing $100 million in cumulative USDC transfers processed across Polygon (POL), Ethereum (ETH), and Base blockchains. The impressive achievement was revealed by cryptocurrency researcher Alex Obchakevich to his 64.5K followers on X on October 3, 2025.

According to data from Obchakevich’s Dune Analytics dashboard, Stripe’s USDC transaction volume reached a record high in September 2025, processing $17 million in a single month. The report also highlights a notable shift in blockchain dominance, with Polygon (POL) overtaking Ethereum (ETH) in total processed value since May 2025. Out of the total $100 million in transfers, Polygon accounted for $51 million, Ethereum processed $48 million, and Base contributed $3 million.

Stripe’s growing integration of stablecoin technology demonstrates the company’s expanding role in the digital payments ecosystem. The service, now available in over 100 countries, is supported by Paxos, a U.S.-based fintech firm managing the technical backend of the USDC operations.

The broader stablecoin landscape continues to evolve rapidly in 2025 as more major corporations embrace blockchain-based payments. PayPal recently introduced Aave incentives for its PYUSD stablecoin, while Ripple president Monica Long identified stablecoin adoption by traditional finance institutions as one of the year’s defining trends.

Despite regulatory and technical challenges, stablecoins are becoming a cornerstone of global financial innovation, enabling faster, more transparent, and cost-efficient cross-border transactions. As of press time, the aggregated market supply of stablecoins stands at approximately $310 billion — a strong indicator of their growing influence in both decentralized finance (DeFi) and mainstream financial infrastructure.