Stablecoin Activity Skyrockets: Over 300,000 Daily Users Engage

Recent data reveals a surge in stablecoin wallet activity. Daily active addresses have surpassed 300,000, marking the highest recorded engagement level since February. This growth is primarily driven by USDT, which reached over 300,000 daily users due to strong integration with exchanges and decentralized applications (dApps). Emerging stablecoins like FDUSD and FRAX are seeing limited adoption, reflecting the fragmented landscape of the market. Meanwhile, stablecoin networks have witnessed a surge in on-chain volume exceeding $72 billion as activity levels climb.