USDT Solidifies Market Leadership with 62% Stablecoin Dominance
As of July 2025, Tether (USDT) continues to reinforce its dominance in the stablecoin market, holding a commanding 62.42% share with a staggering $158.8 billion market capitalization. Its daily trading volumes, nearing $100 billion, underscore its pivotal role across both centralized and decentralized finance ecosystems. Meanwhile, Circle's USDC maintains its second-place position with a $62.5 billion market valuation, leveraging its regulatory-compliant approach. This article delves into USDT's market supremacy and the evolving competitive landscape of stablecoins.
USDT Strengthens Dominance in Stablecoin Market with 62% Share
Tether (USDT) has cemented its position as the undisputed leader in the stablecoin sector, now commanding 62.42% of the market with a $158.8 billion capitalization. Daily trading volumes approaching $100 billion demonstrate its critical role in both centralized and decentralized finance.
Circle's USDC maintains second place with $62.5 billion in market value, benefiting from its regulatory-first approach. Emerging contenders like PYUSD and USDY show promise but face liquidity challenges in their bid to disrupt the status quo.
The total stablecoin market capitalization now stands at $260 billion, representing 7.48% of the broader crypto ecosystem. This growth underscores sustained demand for dollar-pegged assets in global trade and remittance applications.
Ethena (ENA) Price Surges 19.27% After Upbit Listing Announcement
Ethena's ENA token experienced a 19.27% price surge following Upbit's announcement of its listing. The Korean exchange will support trading pairs against KRW, BTC, and USDT, with trading set to commence at 5:00 PM KST. Deposits and withdrawals are exclusively via the ethereum network, with users advised to verify contract addresses.
The listing aligns with Upbit's recent expansion strategy, which previously boosted altcoins like Hyperlane and Babylon. Market sentiment turned bullish immediately, with notable figures like Arthur Hayes signaling optimism. Liquidity concerns remain the sole potential delay factor.
Hyperlane (HYPER) Hits All-Time High as Trading Volume Surges Over 1,600%
Hyperlane's native token HYPER surged to a record high of $0.689, fueled by a 1,600% spike in trading volume. The interoperability protocol's rally follows dual listings on Upbit and Bithumb, reversing a prolonged downtrend that began after its April launch.
Binance's initial listing propelled HYPER to $0.366 in late April, but momentum faded until Korean exchanges reignited demand. The token now trades at $0.54 after retreating 21% from its peak, still maintaining an 88% daily gain.
Hyperlane distinguishes itself with cross-chain communication capabilities, supporting multiple VIRTUAL machines without centralized intermediaries. Market participants are betting on its permissionless deployment model as blockchain interoperability gains prominence.
