Report: Tether Continues to Dominate Stablecoin Market, USDC Grows Rapidly
According to a report by Jinse, based on research from Web3 company Nansen, despite increasing competition, Tether's USDT continues to hold a dominant position in the stablecoin market. As of April 25, 2025, Tether's market share is approximately 66%, far surpassing USDC's 28%. Although USDC has grown rapidly since November last year, particularly after Trump's election when the U.S. regulatory environment became more favorable for cryptocurrencies, Tether still maintains its market leadership.
Nansen stated that although USDC is growing faster, Tether retains its advantage due to its large user base and transaction volume in on-chain activities. Tether is also the most profitable stablecoin issuer, with profits nearing $14 billion in 2024. Despite increasing market competition, including the entry of traditional financial institutions such as PayPal and Ripple, Tether's dominance appears difficult to challenge.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Dan Ives reveals top tech stock picks for 2027! Nvidia, Microsoft, Apple, and three other stocks make the list, Tesla selected as “disruptive tech top pick”
Former Wedbush tech analyst Dan Ives released his top picks for the technology sector in 2027 on Wednesday, listing Nvidia, Microsoft, Palantir, Apple, and CrowdStrike as his five top technology choices.
US Midterm Elections Become a "Touchstone" for Defense Stocks: Trillion-Dollar Defense Budget Expansion Faces Congress Test
The U.S. midterm elections are becoming a crucial test of investors' sentiment towards the rapidly growing defense sector.
Samsung Electronics Q3 Profit Hits Another Record but Falls Slightly Short of Expectations; AI Memory Boom Drives Growth, Yet High Stock Prices and Cyclical Concerns Persist
Preliminary data released by Samsung Electronics on Thursday showed that its operating profit for the third quarter ending in September amounted to approximately KRW 107.4 trillion (about USD 80.1 billions), more than eight times higher than the same period last year, setting a new record mainly driven by demand for high-bandwidth memory (HBM).
Crypto prices
More
