Stablecoin Users Surge 53% in One Year: Key Insights

The latest report, titled “The State of Stablecoins 2025: Supply, Adoption & Market Trends,” reveals a remarkable growth in the stablecoin sector. From February 2024 to February 2025, the number of active addresses surged from 19.6 million to 30 million, marking a significant 53% increase year-on-year. This substantial growth indicates a wider user engagement within the stablecoin ecosystem.

Stablecoins as a Bridge Between Traditional Finance and Crypto

According to the report, stablecoins have increasingly become a vital link between traditional finance and the world of cryptocurrency. Their role has evolved, positioning them as a critical component of digital finance. The report highlights several factors contributing to this growth, including:

Increased institutional adoption
Growing use in payments and decentralized finance (DeFi)
Broader accessibility for users

Explosive Growth in Active Addresses

The rise in active addresses is not the only metric showcasing the expansion of stablecoins. The total supply of stablecoins has also seen a significant increase. In February 2024, the total supply stood at $138 billion, which surged to $225 billion by February 2025, reflecting a 63% growth year-on-year.

Monthly Transfer Volume Skyrockets

Another noteworthy aspect of the report is the dramatic rise in stablecoin monthly transfer volume. In February 2024, the monthly transfer volume was $1.9 trillion, which skyrocketed to $4.1 trillion in February 2025, representing a staggering 115% year-on-year increase. The highest recorded volume for stablecoins occurred in December 2024, when volumes peaked at $5.1 trillion. However, this was followed by a decline in 2025.

Total Transfers Over the Past Year

Over the past year, stablecoins facilitated a total of $35 trillion in transfers. This impressive figure underscores the growing reliance on stablecoins for various financial transactions.

Average Transfer Size Shows Minimal Increase

Despite the explosive growth in other metrics, the average transfer size for stablecoins exhibited only a slight increase. The average transfer size moved from $676,000 in 2024 to $683,000 after one year. Notably, there were spikes in average transfer size during specific months, reaching $2.6 million in May and $2.2 million in July. These spikes suggest heightened activity from whales or institutional investors engaging with stablecoins.

Conclusion: The Future of Stablecoins

The findings from the report indicate a robust and growing stablecoin market, driven by increased user engagement and institutional adoption. As stablecoins continue to bridge the gap between traditional finance and the crypto world, their role in the financial ecosystem is likely to expand further. For those interested in the latest developments in decentralized finance, a weekly toolkit is available that breaks down the latest DeFi trends, offers sharp analysis, and uncovers new financial opportunities to help you make informed decisions with confidence. Delivered every Friday.