Stablecoin users rise by more than 50%

Stablecoin adoption remains at a rapid pace.

Stablecoin adoption continues to rise at a rapid pace. According to a report from analytics firms Dune and Artemis shows the number of active stablecoin wallets rose within a year from nearly 20 million to 30 million, a rise of 53 percent.

"Stablecoins have become a crucial part of the digital financial infrastructure, serving as a bridge between the traditional financial sector (TradFi) and the crypto economy," the report said.

In February this year, the total supply of stablecoins stood at $214 billion. In the past year, transaction volume reached a staggering $35 trillion.

Institutional investors are showing growing interest, the report notes. "Asset managers, payment service providers, and financial institutions are increasingly exploring integrating stablecoins into their systems."

Analysts say this points to substantial growth potential, especially as institutional and regulatory frameworks evolve to support stablecoin adoption.

Still, the market remains relatively small despite the growth. The total amount of stablecoins in circulation is still about 100 times smaller than the U.S. money supply M1.

On the transaction-volume front, however, stablecoins have already overtaken the major payment networks. The value of stablecoin transactions has more than doubled Visa's annual revenue.