Stablecoin Revenue Exceeds $10 Billion Amid Market Expansion

Stablecoin issuers have reached $10 billion in revenue, significantly increasing the influence of Tether and Circle in the market.

This rise in profitability supports the blockchain ecosystem, enhances liquidity, and facilitates efficient decentralized finance (DeFi) operations. The market capitalization of stablecoins hit $228 billion due to increasing interest.

According to ChainCatcher, leading stablecoin issuers like Tether earned nearly $10 billion in revenue. Tether alone generated $6.56 billion, while Circle earned $1.89 billion, Sky Protocol made $384 million, and Ethena brought in $332 million.

Tether’s dominance has led to varied reactions in the market. Analysts attribute Tether’s success to favorable U.S. regulations and broader adoption. ChainCatcher continues to advance blockchain development through industry events.

The stablecoin market hit a peak market cap of $228 billion, driven by robust trading activity and favorable U.S. regulations.

As of July 3, 2025, Tether’s USDt (USDT) maintains a steady price of $1.00, with a market cap of $158 billion and a 4.70% market dominance. USDT’s 24-hour trading volume reached $84 billion, reflecting a 40.49% increase, with 158 billion tokens in circulation.

Research by Coincu suggests that stablecoin growth will persist, driven by favorable U.S. regulations and increased adoption of DeFi platforms. Historical data shows that the stablecoin market has maintained stability, ensuring the continued growth of blockchain liquidity and expansion prospects.