ARK Invest Digital Asset Research Director: The number of addresses holding stablecoins has surpassed 300 million for the first time

ARK Invest's Director of Digital Asset Research, Lorenzo Valente, stated that the number of addresses holding stablecoins has surpassed 300 million for the first time. The Ethereum ecosystem currently accounts for 37% of all stablecoin holding addresses, up from 29% two years ago, with approximately three-quarters coming from L2. He believes that the strategy of expanding adoption through L2 is proving effective and expects tokenized stocks to develop along the same path.

Valente also mentioned that if one were to illustrate the dominance of EVM, EVM-compatible chains hold about 94% of stablecoin addresses. It took 8 years for the number of stablecoin holding addresses to reach 300 million, and he anticipates that it could reach 1 billion wallets within 18 months, faster than the existing trend.