Stablecoin wallets now surpass Solana (SOL) token holders in total count, accounting for 38% of all cryptocurrency custodial accounts compared to SOL’s 37%. This milestone underscores accelerating institutional adoption and regulatory advancements boosting dollar-pegged digital assets.
The growth follows legislation including the Stablecoin Act and GENIUS Act, which established clear issuance frameworks for banks and financial institutions. These regulations have catalyzed trust and deployment of compliant stablecoins across global markets.
Nearly half (49%) of surveyed institutions worldwide currently utilize stablecoins for payment processing, with an additional 41% actively exploring integration. Demand is particularly strong in the global south, where stablecoins serve as pivotal dollar-based payment corridors.
Ethereum maintains dominance in stablecoin transaction volume, though Layer-1 networks like Solana, Tron, and BNB Chain showcase expanding adoption. Their emergence highlights stablecoins’ diversification across blockchain ecosystems as both settlements tools and liquidity vehicles.