Coinspeaker
Stablecoin Adoption Sees 15% Surge as Number of Holders Inches Close to 100M

Stablecoins are fast growing in popularity, and the result is now evident in the number of addresses that hold them. According to the data from rwa.xyz, such addresses have climbed 15% this year alone, soaring to a record high of over 93.6 million.

These digital assets, which maintain a 1:1 peg to external references like the US dollar, can be classified into three main types. They are fiat-backed, crypto-backed, and algorithmic stablecoins.

Of all stablecoins, though, Tether (USDT) is unquestionably the biggest in terms of the number of holders. About 80% of all stablecoin addresses hold USDT, then closely followed by USDC and BUSD. As of this publication, there are 35 stablecoins in circulation with a collective market capitalization of $157 billion. Of that lot, Tether USDT boasts a market cap of $114.07 billion.

As in the number of addresses that hold stablecoin, the number of addresses actively transferring stablecoins has also surged. March alone saw over 26 million active addresses, a record amount that signaled si...