Chiara Bianchi
Ethereum’s stablecoin activity is exploding, with the number of unique weekly senders reaching unprecedented levels — a clear sign that stablecoins are rapidly becoming the backbone of digital payments and settlements worldwide.
Over the past year, Ethereum has witnessed exponential growth in stablecoin activity. Between January 2020 and July 2024, the blockchain averaged roughly 400,000 unique stablecoin senders per week. But since August 2024, this figure has surged by an average of 1.7% per week, repeatedly breaking new records.
In 2025, Ethereum has averaged around 720,000 unique senders weekly, and in the past two weeks alone, that number has exceeded 1 million — the highest level ever recorded.
Why Stablecoin Adoption Is Booming
The rapid increase in stablecoin transactions reflects growing real-world demand. In many countries facing currency instability or capital restrictions, stablecoins now act as digital dollars, enabling residents and businesses to store and transfer value securely.
Beyond personal use, stablecoins are deeply integrated into DeFi and crypto infrastructure — powering perpetual contracts, prediction markets, and real-world asset (RWA) protocols. Every new decentralized app or on-chain financial product brings thousands of new addresses interacting with stablecoins.
Ethereum at the Heart of Global Stablecoin Flows
As the primary Layer-1 settlement network, Ethereum continues to capture a large portion of stablecoin transactions, including onboarding, rebalancing, and payout flows. Each transaction — whether for merchant payments, remittances, or on-chain incentives — contributes to Ethereum’s growing dominance in the global stablecoin ecosystem.
The Road Ahead: Stablecoins as a Mainstream Payment Rail
The trend is clear: stablecoins are moving beyond crypto trading into everyday finance. Unless disrupted by major policy interventions or peg failures, the number of active users and senders is expected to continue climbing sharply, cementing Ethereum’s position as the global settlement layer for digital dollars.
