Tether Defies Rivals: How USDT Keeps Dominating the Stablecoin Wars

While upstarts like USDC and DAI grab headlines, Tether’s USDT still commands 68% of the stablecoin market—proving that in crypto, liquidity trumps virtue signaling every time.

The ’original sin’ stablecoin shrugs off audits, lawsuits, and bank runs like a Wall Street CEO dodging accountability. Meanwhile, its $110B market cap laughs at competitors from the penthouse of the DeFi casino.

Next time a VC-funded stablecoin claims ’transparency superiority,’ remember: markets vote with their wallets, not press releases.

In Brief

• Tether dominates the crypto stablecoin market with a 66% share, generating 14 billion in profits.
• USDC is experiencing rapid growth thanks to US regulation, but remains far behind Tether.

Tether maintains its dominance in the stablecoin market: the numbers are clear!

In April 2025,stood at 66%. This supremacy is reinforced by:

• massive adoption on cryptocurrency exchange platforms;
• a much higher usage than its competitors.

According to Nansen’s report, Tether indeed has nearlyand 50% more transactions than the next platform.

The business model of this crypto company is based on the issuance of USDT in exchange for US dollars. These are then invested in very liquid and SAFE instruments such as US Treasury bonds.

In 2024, this strategy allowed Tether to generate. This exceptional profitability continues to guarantee it a leading position in the crypto asset field, even though competition is intensifying.

The rise of USDC in the crypto market: should Tether be worried?

Issued by Circle, the USDC is establishing itself as an increasingly serious competitor in. Since November 2024, this crypto asset has indeed been experiencing notable growth. This is mainly explained by a more favorable US regulatory environment under the administration of Donald Trump.

That said, USDC remains behind Tether in terms of market share. It is valued at about 28% of the market as of April 25, 2025. The Nansen report specifies that institutions seek. These are two criteria that Tether continues to meet in an unrivaled way.

Sure, USDC is rapidly gaining popularity. Moreover, other stablecoins are emerging. Nonetheless, Tether still seems far from being dethroned. However, the crypto market dynamic could change as new regulations and technologies affect the sector. Crypto investors will need to closely monitor these developments to adjust their strategy.

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