US Edition‘Stablecoin Duopoly Ending’ as USDT, USDC Dominance Falls to 84%
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7 Articles
USDT, USDC Dominance Falls To 82% Amid Rising Competition
The post USDT, USDC Dominance Falls To 82% Amid Rising Competition appeared on BitcoinEthereumNews.com. Tether’s USDt and Circle’s USDC, the two largest stablecoins by market capitalization, have slowly lost market share in the past year, suggesting a major shift in the stablecoin landscape. Despite Tether’s USDt (USDT) and Circle’s USDC (USDC) steadily increasing their market caps, the stablecoins have lost more than 5% of their combined market…
Key points of Tether's USDT and Circle's USDC news, while still leading the stablecoins market, have seen their combined share drop to 84%, from a maximum of 91.6% at the beginning of 2024. Emerging stablecoins such as Ethena's USDe, Sky's USDS and PayPal's PYUSD are gaining traction. In addition, new bank-issued stablecoins could enter the market, creating more competition and opportunities for performance stablecoins offers. Circle's USDT and …
Tether and Circle Are Losing Stablecoin Dominance: Here’s Why - Blockonomi
TLDR: Tether and Circle control 86% of supply, down from 91.6% in March 2024, showing pressure from new entrants. Fintechs and exchanges are steering users into white-labeled stablecoins to capture yield lost to incumbents. DeFi projects like Hyperliquid and fintech wallets like Phantom are launching stablecoins to internalize revenue. Banks can now issue stablecoins post-GENIUS, raising competition against Tether and Circle’s $245B supply shar…
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