Stablecoin Adoption Surges with Increased Wallet Activity and Supply Growth

According to Cointelegraph, a recent report by onchain analysis platforms Artemis and Dune reveals significant growth in stablecoin adoption over the past year. The report, titled "The State of Stablecoins 2025: Supply, Adoption & Market Trends," highlights a 53% increase in active stablecoin addresses, rising from 19.6 million in February 2024 to 30 million in February 2025. This expansion indicates broader user engagement and suggests that stablecoins are becoming a vital component of digital finance, bridging the gap between traditional finance and cryptocurrency. The report attributes the growth in active addresses to increased institutional adoption, the expanding use of stablecoins in payments and decentralized finance (DeFi), and their enhanced accessibility. In addition to the rise in active addresses, the total supply of stablecoins saw a substantial increase. From February 2024 to February 2025, the supply grew from $138 billion to $225 billion, marking a 63% year-on-year growth. Unlike other cryptocurrencies, stablecoins maintain a value of $1, aligning their market capitalization closely with their total supply. Furthermore, stablecoin monthly transfer volumes experienced a notable surge during the same period. In February 2024, the monthly transfer volume was $1.9 trillion, which escalated to $4.1 trillion by February 2025, representing a 115% increase. The peak transfer volume was recorded in December 2024 at $5.1 trillion, although a decline followed in 2025. Overall, stablecoins facilitated $35 trillion in total transfers over the past year. Despite the explosive growth in other metrics, the average transfer size for stablecoins showed minimal change, increasing slightly from $676,000 in 2024 to $683,000 in 2025. However, notable spikes occurred in May and July, with average transfer sizes reaching $2.6 million and $2.2 million, respectively. These fluctuations suggest heightened activity from whales or institutional players using stablecoins. Analysts from Artemis and Dune interpret these trends as indicative of the widespread use of stablecoins in both retail and institutional transactions. As stablecoins continue to gain traction, they are poised to play an increasingly significant role in the evolving landscape of digital finance.