Stablecoin users grow over 50% in one year
Stablecoin adoption surges as active wallets grow 53% in a year.
Stablecoin Adoption Soars as Active Wallets and Transfer Volumes Surge
A joint report by onchain analysis platforms Artemis and Dune reveals that active stablecoin wallets increased by 53% over the past year, while total stablecoin supply grew by 63% and monthly transfer volumes surged by 115%.
These impressive metrics underscore the expanding role of stablecoins as a bridge between traditional finance and the crypto ecosystem.
Key Takeaways
- Active Wallets Up 53%: From 19.6 million in February 2024 to 30 million in February 2025.
- Supply Expansion: Total stablecoin supply increased from $138 billion to $225 billion.
- Transfer Volumes Surge: Monthly transfer volume jumped from $1.9 trillion to $4.1 trillion, with a record of $5.1 trillion in December 2024.
- Steady Average Transfers: Average transfer size remained stable at approximately $680K, with notable spikes indicating heightened institutional activity.
Surging Adoption and Growing Metrics
The report titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends” highlights a robust growth in stablecoin adoption over the past year. Active addresses on Ethereum and other blockchains now total 30 million, up from 19.6 million a year ago—a 53% increase that signals deeper market penetration and broader user engagement.
Stablecoins growth. Source: Artemis
This expansion is complemented by a 63% rise in total stablecoin supply, from $138 billion to $225 billion, reflecting increased issuance driven by both institutional and retail demand.
Market Impact and Institutional Uptake
Monthly transfer volumes for stablecoins have experienced a dramatic surge, climbing 115% from $1.9 trillion in February 2024 to $4.1 trillion in February 2025. The highest recorded volume of $5.1 trillion in December 2024 underscores a period of intense activity.
Despite these explosive numbers, the average transfer size has shown only modest growth—from $676,000 to $683,000—with significant spikes in May and July (reaching $2.6 million and $2.2 million, respectively). These fluctuations are indicative of increased whale and institutional transactions, suggesting that stablecoins are being leveraged for large-scale payments and decentralized finance (DeFi) applications.
Looking Ahead
The rapid expansion in both supply and usage of stablecoins demonstrates their emerging status as a critical component of digital finance. As institutions continue to embrace these assets and bridge the gap with traditional financial systems, the role of stablecoins is likely to become even more pivotal in the evolving crypto landscape.
Recently we wrote, that the stablecoin market cap surged to an all-time high of $226.8 billion this Thursday, even as the broader cryptocurrency market faced a notable dip.
