Stablecoin Supply Hits $214B, Transfers Double Visa
Stablecoins reach $214B supply in Feb 2025 with $35T annual transfers, surpassing Visa’s volume. Ethereum leads with 55% market share.

- Stablecoin supply hits $214B, active addresses reach 30M.
- Annual stablecoin transfers total $35T, twice Visa’s volume.
- Ethereum holds 55% of the stablecoin market share.
Stablecoins Surge: $214 Billion Supply in Early 2025
As of February 2025, the stablecoin Market has reached an all-time high, with a total supply of $214 billion USD. This growth reflects the increasing reliance on stable digital currencies in both decentralized finance (Defi) and traditional markets. Additionally, the number of active stablecoin addresses has surged to 30 million, indicating broad adoption by individuals, institutions, and businesses worldwide.
Stablecoins, designed to maintain a stable value by pegging to fiat currencies, have become a crucial component of the crypto ecosystem, offering a reliable medium of exchange and store of value amid volatile markets.
Transfer Volume Doubles Visa: $35 Trillion in 12 Months
In a remarkable milestone, the annual transfer volume of stablecoins has reached $35 trillion USD, which is double the volume processed by Visa over the same period. This impressive figure highlights how digital assets are disrupting traditional payment systems by offering faster, cheaper, and more transparent transactions.
The rise of stablecoin usage for remittances, cross-border payments, and DeFi protocols has driven this exponential increase in transfer volume, demonstrating the potential for Blockchain-based financial systems to rival and even surpass traditional networks.
Ethereum Dominates with 55% Market Share
Ethereum remains the leading platform for stablecoin activity, commanding 55% of the total market share. Its robust infrastructure, widespread adoption, and established DeFi ecosystem have made it the go-to network for stablecoin issuance and transactions. Competitors like Tron and Solana continue to grow, but Ethereum’s dominance remains clear in 2025.
As stablecoins become more integrated into the global financial landscape, regulatory clarity and continued innovation will be key to sustaining this momentum.