A joint report by onchain analysis platforms Artemis and Dune showed that active stablecoin wallets increased by over 50% in one year.
The report, titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends,” showed that from February 2024 to February 2025, active addresses increased from 19.6 million to 30 million. This represents a 53% increase year-on-year.
The onchain analysis platforms said this expansion suggests wider user engagement. The report added that in 2024, stablecoins have emerged as a bridge between traditional finance and crypto, becoming a critical component of digital finance.
Apart from increased institutional adoption, stablecoins’ growing use in payments and decentralized finance (DeFi) and its broader accessibility were cited as some of the reasons spurring the growth of stablecoin active addresses.
Active stablecoin addresses from February 2024 to February 2025. Source: Artemis
Related: Rising $219B stablecoin supply signals
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