Stablecoin customers grew 53% in a single 12 months: Report

A joint report by onchain evaluation platforms Artemis and Dune confirmed that energetic stablecoin wallets elevated by over 50% in a single 12 months. 

The report, titled “The State of Stablecoins 2025:  Provide, Adoption & Market Tendencies,” showed that from February 2024 to February 2025, energetic addresses elevated from 19.6 million to 30 million. This represents a 53% improve year-on-year. 

The onchain evaluation platforms mentioned this enlargement suggests wider consumer engagement. The report added that in 2024, stablecoins have emerged as a bridge between conventional finance and crypto, turning into a essential part of digital finance. 

Aside from elevated institutional adoption, stablecoins’ rising use in funds and decentralized finance (DeFi) and its broader accessibility had been cited as among the causes spurring the expansion of stablecoin energetic addresses. 

Associated: Rising $219B stablecoin supply signals mid-bull cycle, not market top

Whole stablecoin provide elevated by 63% in a single 12 months

Aside from the variety of energetic addresses, the entire provide of stablecoins additionally elevated. The report highlighted that in February 2024, stablecoins had a complete provide of $138 billion. Nonetheless, in February 2025, the provision reached $225 billion, displaying a 63% development year-on-year. 

Not like different crypto belongings, stablecoins preserve a price of $1, that means their market capitalization is much like their complete provide. 

Along with different metrics, stablecoin month-to-month switch quantity rose in the identical timeframe. In February 2024, stablecoins’ month-to-month switch quantity was $1.9 trillion. This elevated to $4.1 trillion in February 2025, a 115% year-on-year improve. 

The best recorded quantity for stablecoins occurred in December 2024, when volumes reached $5.1 trillion. Nonetheless, this was adopted by a decline in 2025. In complete, stablecoins facilitated $35 trillion in complete transfers over the previous 12 months. 

Whereas different metrics confirmed explosive development, the typical switch measurement for stablecoins confirmed little improve. The determine moved from $676,000 in 2024 to $683,000 after one 12 months. 

Regardless of this, the metric confirmed spikes in Might, the place it reached $2.6 million and in July, when it recorded $2.2 million. This means heightened whale or institutional exercise with stablecoins. 

Artemis and Dune analysts mentioned the fluctuations point out the widespread use of stablecoins in retail and institutional transactions.