The stablecoin market is experiencing significant growth, with the total supply reaching its highest level in nearly two years, driven largely by the expansion of USDe, which has rapidly scaled to a supply of $2.3 billion in less than a month. This makes USDe the fastest-growing stablecoin in history. The number of addresses holding stablecoins has also surged, now exceeding 93 million, a 15% increase this year, and are set to settle over $20 trillion in 2024. Tether remains the most held stablecoin with 76 million addresses, followed by USDC with 9.8 million, and BUSD with 6 million. The Ethereum ecosystem, including mainnet and Layer-2 networks, has seen active weekly wallets surpass 10 million, with significant contributions from platforms like Base and Polygon.