USDC Drives 15% Increase in Stablecoin Market Cap to $233 Billion
Tether is exploring a US-only stablecoin due to potential compliance issues with the current $144 billion USDT under new US regulations. Market share for USDT has been declining, influenced by regulatory uncertainties and the EU's MiCA legislation.
Key points:
- The stablecoin market cap increased 15% in 2025, reaching $233 billion.
- USDC contributed significantly, adding $16 billion compared to USDT's $7 billion.
- Tron's market cap grew from $61 billion to $67 billion, largely driven by USDT.
- Solana's stablecoin market cap rose from $5.3 billion to $12 billion.
- On Ethereum, USDC now holds 30% market share while USDT decreased to 52%, down 4% but maintaining a $64 billion valuation.
Increased competition among stablecoins may lead to innovation and benefit consumers.