Wu said that according to the stablecoin report released by Dune and Artemis, as of February 2025, the supply of stablecoins has reached 214 billion US dollars, with 30 million active addresses; The annual transfer volume reaches $35 trillion, which is twice the annual throughput of Visa; USDT supply is dominant, but there has been a decline in market share and institutional usage, with a focus on P2P remittances; Ethena USDe surged from 146 million to 6.2 billion, making it the third largest stablecoin, thanks to innovative yield strategies and delta neutral hedging; Ethereum holds a 55% market share in stablecoin supply, but Base and Solana dominate with a surge in transfer volume driven by DeFi and Memecoins; Most stablecoin liquidity exists on centralized exchanges, but DeFi drives the majority of transfer volume. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=39734