The stablecoin market has seen significant revenue growth, reaching nearly $10 billion. This indicates an increased interest in the asset class.
Issuer Revenue from Stablecoins
According to a report by ChainCatcher, stablecoin issuers earned around $10 billion in 2025. The primary player in the market remains Tether, which accrued $6.56 billion. Other participants include Circle with $1.89 billion, Sky Protocol with $384 million, and Ethena with $332 million.
Regulatory Advantages and Market Growth
Analysts note that favorable changes in US regulations and broader stablecoin adoption have driven market growth. CoinMarketCap data indicates that the total capitalization of stablecoins has reached $228 billion, facilitated by active trading.
Tether's Market Dominance
Currently, Tether USDt (USDT) is consistently trading at $1.00, with a market cap of $158 billion and a 4.70% market share. The daily trading volume reached $84 billion, reflecting strong interest in this stablecoin.
Stablecoins continue to affirm their role in the blockchain ecosystem by providing liquidity and facilitating efficient decentralized finance operations.
