Stablecoin Users Up 50% in One Year

A collaborative report from onchain analytics firms Artemis and Dune revealed that the number of active stablecoin wallets has surged by more than 50% over the past year.

Titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends,” the report shows that active addresses rose from 19.6 million in February 2024 to 30 million in February 2025—an increase of 53% year-over-year.

According to the report, this growth points to greater user participation in the ecosystem.

It also noted that stablecoins became an essential link between traditional finance and crypto in 2024, playing a key role in digital financial infrastructure.

The expansion was attributed to several factors, including more widespread institutional adoption, increased use of stablecoins for payments and decentralized finance (DeFi), and overall improved accessibility.

Beyond user activity, the overall stablecoin supply also experienced substantial growth.

The report notes that the total supply was $138 billion in February 2024 and reached $225 billion by February 2025—a 63% increase.

Since stablecoins are designed to maintain a 1:1 value with the U.S. dollar, their market cap is typically equivalent to their supply.

The report also pointed out that monthly stablecoin transfer volume more than doubled during the same period.

In February 2024, the monthly transfer volume was $1.9 trillion, increasing to $4.1 trillion by February 2025—a 115% rise.

The peak in monthly volume occurred in December 2024, when stablecoin transactions hit $5.1 trillion.

Although volumes dropped slightly in 2025, the annual total reached $35 trillion in stablecoin transfers.

While many metrics showed rapid growth, the average transfer size saw minimal change—rising from $676,000 in 2024 to $683,000 a year later.

Despite the relatively small increase, the metric did experience notable spikes in May and July, reaching $2.6 million and $2.2 million, respectively.

These surges may reflect increased activity from large-scale or institutional players.

Analysts from Artemis and Dune noted that such variations suggest that stablecoins are widely used for both retail and institutional purposes.

Sources:

https://cointelegraph.com/news/stablecoin-users-53-percent-growth-2025

https://djfc5c04.eu1.hubspotlinks.com/the-state-of-stablecoins-2025