ERC20 Stablecoin Activity Jumps From 85K to Nearly 600K Addresses as USDC and USDT Diverge

ERC20 stablecoin usage expanded sharply, with active addresses rising from about 85,000 in March 2025 to nearly 600,000 in March 2026, pointing to more sustained on-chain participation. Data in the report also show a preference shift in supply growth, with USDC up $4.5 billion year-to-date while USDT supply fell by roughly $2 billion. Exchange reserves were reported at $65.37 billion, down 0.72% in 24 hours, alongside net outflows of over $485 million.