According to Nic Carter (@nic__carter), determining the real transaction volume of stablecoins and distinguishing between payment and trading-related activity remains one of the most challenging empirical questions in crypto. Raw volume data is often inflated by MEV bots and internal exchange transfers, making it unreliable for traders seeking actionable information (source: Twitter, June 6, 2025). Recent research from Chainalysis and Nansen indicates that over 80% of on-chain stablecoin volume is related to trading and arbitrage rather than genuine payments, especially on major blockchains like Ethereum and Tron (sources: Chainalysis 2024 Stablecoin Report; Nansen Q2 2024 Data). For crypto traders, this highlights the importance of filtering out artificial volume signals to identify true market demand and liquidity. Accurate stablecoin volume analysis is critical for evaluating market sentiment, liquidity conditions, and potential trading opportunities in DeFi and centralized exchanges.