Golden Finance reported that the on-chain trading volume of stablecoins has maintained a strong momentum, with an average monthly trading volume of about $800 billion in the past four months. The number of addresses for transferring stablecoins is also steadily increasing, with the number of single-day addresses in the past week reaching 600,000. USDC and USDT remain the dominant players in this sector, accounting for $740 billion of the total $850 billion transaction volume in February. Ethereum remains the preferred blockchain for stablecoin activity, hosting $35 billion in USDC and $67 billion in USDT. Although alternative blockchains emerge in an endless stream, this dominance highlights the role of Ethereum as the main settlement layer for digital dollar transactions.