The number of stablecoin holders worldwide exceeds 160 million = Coinbase report

## The rise of stablecoins

On the 10th, U.S. major cryptocurrency exchange Coinbase announced the latest report on the cryptocurrency market. It pointed out that the number of companies adopting blockchain and cryptocurrencies is increasing.

It is particularly reported that stablecoins are making significant progress. According to Allium, the number of global stablecoin holders has exceeded 161 million, and the supply of stablecoins has increased by 54% compared to the previous year.

According to CEX.IO, the total annual remittance amount of stablecoins is expected to reach $27.6 trillion (approximately ¥4,000 trillion) in 2024, surpassing the total remittance amount of credit card giants Visa and Mastercard by more than 7.68% in 2024.

In addition, according to a survey conducted by The Block Pro Research, the remittance volume of stablecoins based on actual demand, excluding transactions via internal smart contracts, has reached record levels. In December 2024, the monthly remittance volume reached $719 billion (approximately ¥104 trillion), and in April 2025, it recorded a close $717.1 billion.

In this survey, 81% of small and medium-sized enterprises interested in cryptocurrency expressed interest in utilizing stablecoins to address financial challenges such as fees and transaction processing.

In the United States, legislation regarding the structure of stablecoins and the cryptocurrency market is being advanced. The Senate will soon hold a procedural vote on the stablecoin regulation bill.

What is a stablecoin?

It refers to a cryptocurrency whose price is always stable. Stablecoins are a type of cryptocurrency, and unlike volatile assets such as BTC, ETH, and XRP, they are backed by the U.S. dollar and other currencies and aim to maintain their value. In addition to U.S. dollar-backed stablecoins (USDT and USDC), there are also stablecoins that use algorithms.

Adoption is advancing by Fortune 500 companies.

According to the report, about 6 out of 10 executives from Fortune 500 companies responded that their company is currently "working on blockchain initiatives." This represents a 47% increase from the previous year.

What is Fortune 500?

Companies listed in the annual ranking of the top 500 U.S. companies by revenue published by the U.S. economic magazine "Fortune."

Moreover, about one in five executives answered that future on-chain initiatives will become an important element of the company's strategy, which is a 47% increase compared to the previous year.

Nine out of ten executives agreed that clear regulations regarding cryptocurrencies, blockchain, and Web3 are necessary to support innovation in the United States. This figure comes from a survey conducted by GLG Research in April of this year on behalf of Coinbase.

According to Coinbase, the adoption of cryptocurrencies by institutional investors is expanding, especially among small and medium-sized enterprises. There is an increasing number of pilot programs for cryptocurrency payment tools and stablecoins.

82% of the small and medium-sized enterprises that responded indicated that cryptocurrency technology is helpful in addressing specific financial issues such as managing invoices and accounts receivable. This is an increase from 68% the previous year.

Moreover, 46% of companies that have not yet implemented blockchain technology plan to adopt blockchain in some part of their operations within the next three years.

This survey of small and medium-sized enterprises targets 251 financial decision-makers from U.S. companies with fewer than 500 employees who have knowledge and awareness of cryptocurrency. It was conducted by NRG on behalf of Coinbase from April 14 to 16, 2025.

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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