Ethereum Stablecoin Active Users Reach 590,000, Setting New Record
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 01 2026- Significant User Growth: Active ERC-20 stablecoin addresses on Ethereum have approached 590,000 daily users, surpassing previous all-time highs, indicating a clear shift in how capital is moving across the crypto market, potentially signaling structural growth.
- Long-Term Trend Confirmation: The 365-day moving average for stablecoin activity now exceeds 240,000, a level that prior cycles failed to sustain, demonstrating that stablecoins are now embedded deeper into everyday on-chain activities, serving as crucial liquidity management tools.
- Positive Market Signals: According to the CryptoQuant report, the usage of stablecoins reflects a market where capital remains highly mobile, suggesting that the market is in accumulation or transition phases rather than at a peak, indicating potential for future growth.
- Strong Liquidity: As long as active address counts remain elevated and avoid sharp contractions, the data points to structural liquidity strength rather than speculative excess, further supporting the healthy development of the market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
