PANews reported on March 19 that according to The Block, the on-chain transaction volume of stablecoins has maintained a strong momentum, with an average monthly transaction volume of about US$800 billion in the past four months. The number of addresses transferring stablecoins has also been steadily rising, with the number of addresses per day reaching 600,000 in the most recent week. USDC and USDT remain the dominant players in this field, accounting for US$740 billion of the total transaction volume of US$850 billion in February. Ethereum remains the blockchain of choice for stablecoin activities, hosting US$35 billion in USDC and US$67 billion in USDT. Despite the emergence of alternative blockchains, this dominance highlights Ethereum's role as the main settlement layer for digital dollar transactions.