The number of cryptocurrency wallets holding positive balances has now passed 400 million, as more people adopt crypto.
This increase in activity is driven by both regular and institutional investors, especially in transactions involving stablecoins.
According to a Chainalysis report, this shift marks a major change in how people use and view crypto.
The report also notes that traditional finance and the digital economy are merging, with more financial institutions entering the space through products like exchange-traded funds (ETFs).
Stablecoins now make up 50% to 75% of all transactions on the blockchain since early 2024. They are seen as a safe store of value, especially in developing countries.
In places like Venezuela and Latin America, U.S. dollar-backed stablecoins are becoming tools for sending money and accessing liquidity.
