USDT and Bitcoin Command 72% of Crypto Market as Stablecoins Poised for Explosive Growth

In a striking demonstration of market dominance, Bitcoin (BTC) and leading stablecoins Tether (USDT) and USD Coin (USDC) now collectively represent 72% of the total cryptocurrency market capitalization as of April 2025. Bitcoin alone accounts for 64.6% of this share, underscoring its status as the preferred safe-haven asset during ongoing macroeconomic turbulence. Meanwhile, Ethereum (ETH) continues to face significant challenges, having lost over half its value this year. In a bullish long-term projection, Citigroup analysts predict the stablecoin market could grow to a staggering $1.6 trillion by 2030, signaling massive potential for USDT and other dollar-pegged assets.

Bitcoin and Stablecoins Dominate Crypto Market

Bitcoin (BTC) and the top two stablecoins, Tether (USDT) and Circle’s (USDC), now represent approximately 72% of the total cryptocurrency market. BTC alone has surged to a 64.60% share, reflecting growing investor preference amid ongoing macroeconomic uncertainty. Ether (ETH), Bitcoin’s closest competitor, continues to struggle in 2025, having fallen more than 50%.

Citigroup Predicts Stablecoin Market Cap Could Reach $1.6T by 2030

Stablecoins are poised to dominate the cryptocurrency landscape, with Citigroup forecasting their market capitalization could hit $1.6 trillion by 2030. The projection, part of a broader analysis on blockchain’s transformative potential in finance, suggests even higher growth—up to $3.7 trillion—if adoption accelerates beyond expectations.

These dollar-pegged tokens have surged in popularity, becoming integral to crypto markets. Tether (USDT), already a top holder of US Treasuries in 2024, exemplifies how stablecoin issuers may emerge as major institutional buyers of government debt by decade’s end.

OKX to Launch Private Keyless Pay Wallet in Push for Mass Crypto Adoption

OKX CEO Star announced the launch of OKX Pay Wallet next week, targeting mainstream adoption by simplifying crypto transactions. The wallet integrates with OKX’s Ethereum Layer 2 network and supports USDC and USDT stablecoins, eliminating private key management while requiring KYC verification.

The payment-focused product will pair with DeFi yield generation and issue a physical card, marking OKX’s second wallet rollout in a month. This follows the exchange’s recent separation of DeFi and self-custody features from its centralized trading platform.