Stablecoin demand goes mainstream! Issuers rake in $5B on Ethereum

ambcryptoPublished on 2026-01-11Last updated on 2026-01-11

Abstract

Stablecoin demand is going mainstream as they become a preferred method for everyday spending, with payment card usage surging 400% year-over-year. Industry leaders highlight the efficiency of blockchain-powered payments, enabling users to transact in dollars anytime, anywhere. Despite stagnant crypto prices, ERC-20 stablecoin active addresses and total supply are near record highs, driven by adoption in underbanked and high-inflation regions for cross-border transfers and business payments. In 2025 alone, stablecoin issuers generated approximately $5 billion in revenue from Ethereum deployments, benefiting from increased user activity. However, upcoming U.S. regulatory decisions on stablecoin yield rules could impact future growth and reward structures.

Stablecoins are now a preferred way for people to actually spend money!

As payment cards powered by stablecoins catch steam, the idea of using crypto for everyday transactions is the realest it’s ever been. Will the pace turn into a faster sprint in the year ahead?

In real wallets

Industry leaders are increasingly pushing for stablecoin-powered cards as the next big thing this year.

Case in point, Dragonfly managing partner Haseeb Qureshi recently posted on X that this is because they bring blockchain efficiency to traditional payments.

He said,

“All they know is that all of a sudden, they can pay people and buy stuff in dollars, any time, anywhere, and it all “just works.”

Startups like Rain are scaling at higher speeds, with card usage and payment volumes rising by 400% overall in the past year.

Source: X

By supporting dollar-pegged stablecoins across major blockchains, these platforms allow users to spend at their convenience. This supports industry growth as a whole.

Usage grows even if the market isn’t

Source: CryptoQuant

Even while crypto prices are stuck in a range,  ERC20 stablecoin active addresses are at near record highs! This comes along with a steadily rising total supply.

Source: CryptoQuant

The consistency is stunning—even during pullbacks, neither usage nor supply dropped in any way that matters.

Growth is reportedly strongest in underbanked and high-inflation regions; these are areas where stablecoins power cross-border transfers and business payments.

It’s paying off… literally

In the midst of all these ever-growing numbers, issuers are generating serious revenue by building on Ethereum [ETH].

In 2025 alone, stablecoin issuers pulled in roughly $5 billion from their Ethereum deployments. Revenue went up along with stablecoin supply throughout the year!

Source: X

Users continue to transact on Ethereum, issuers go where the users are, and revenue follows activity. It’s a clean feedback loop, and it works for all those who are involved.

AMBCrypto previously reported that U.S. lawmakers are debating potential changes to stablecoin yield rules as part of bipartisan negotiations. This is on a crypto market structure bill scheduled for markup on the 15th of January.

While discussions are ongoing, the outcome could influence how stablecoin issuers structure rewards and payments going forward.

Final Thoughts

  • Stablecoin payments are going mainstream, with card usage jumping 400% YoY.
  • As issuers generate $5 billion on Ethereum, upcoming policy decisions could alter the current pace.
Next: Bitcoin compresses between $90K and $94K – A big move is brewing
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Related Questions

QWhat is the main reason stablecoin-powered cards are gaining popularity according to industry leaders?

AIndustry leaders like Dragonfly's Haseeb Qureshi believe stablecoin-powered cards are gaining popularity because they bring blockchain efficiency to traditional payments, allowing users to pay people and buy stuff in dollars anytime, anywhere, and it 'just works'.

QHow much did card usage and payment volumes grow for startups in the past year?

AStartups like Rain saw card usage and payment volumes rise by 400% overall in the past year.

QHow much revenue did stablecoin issuers generate from their Ethereum deployments in 2025?

AStablecoin issuers generated roughly $5 billion from their Ethereum deployments in 2025.

QWhat trend is observed in ERC20 stablecoin active addresses despite crypto price stagnation?

AERC20 stablecoin active addresses are at near record highs even while crypto prices are stuck in a range, with a steadily rising total supply.

QWhich regions are experiencing the strongest growth in stablecoin usage and why?

AGrowth is strongest in underbanked and high-inflation regions, where stablecoins power cross-border transfers and business payments.

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