Crypto Wallet Adoption Hits Record as Stablecoins Surge
Crypto mobile wallets reached 36 million active users in Q4 2024, marking a shift toward greater engagement in DeFi and dApps.
The number of active cryptocurrency mobile wallets surged to 36 million in Q4 2024, marking a significant shift in how users interact with digital assets. At the same time, stablecoin supply expanded, reflecting a broader transition toward crypto-driven financial solutions.
A Coinbase report released on January 29 highlights how mobile wallets are driving greater user participation beyond simple asset storage. More investors are actively engaging in DeFi, NFTs, and decentralized applications (dApps), a trend expected to fuel further adoption.
Meanwhile, a Triple-A study estimates that 560 million people worldwide now hold cryptocurrency, with global ownership reaching 6.8%. However, as adoption grows, so do security concerns—recent scams, including fake XRP wallets falsely linked to the U.S. Treasury, have underscored the need for stronger protections in the space.
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Stablecoin supply grew by 18%, approaching $200 billion by year-end, as demand for crypto-to-fiat bridges surged. Trading volumes skyrocketed to $30 trillion throughout the year, with December alone seeing $5 trillion in transactions—coinciding with Bitcoin’s rise past $100,000.
On November 21, stablecoin inflows to exchanges hit $9.7 billion, setting a monthly record just before Bitcoin’s historic rally.
The growing role of stablecoins in remittances and financial services is becoming increasingly clear, especially in high-inflation economies. According to Circle’s Chief Business Officer Kash Razzaghi, stablecoins provide fast, low-cost global payments, easing financial challenges for businesses and workers alike.
Looking ahead, Binance CEO Richard Teng and Hashed CEO Simon Kim predict that stablecoins will be among the biggest trends of 2025, shaping the future of digital finance.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
