According to ChainCatcher, a report by CryptoNews citing Coingecko data forecasts that Tether's stablecoin USDT is expected to generate $5.2 billion in revenue in 2025, accounting for 41.9% of all stablecoin-related income and surpassing competitors such as Circle, Hyperliquid, Pump.fun, Ethena, Axiom, Phantom, and PancakeSwap. Among the top ten protocols in terms of revenue, the top four entities alone are expected to generate 65.7% of the total revenue, amounting to approximately $8.3 billion. In terms of stablecoin market capitalization, Tether remains in the lead, holding 60.1% of the total stablecoin market cap, equivalent to approximately $187 billion, followed by Circle's USDC with 24.2%, or about $72.4 billion.
Tether's 2025 USDT Revenue Expected to Reach $5.2 Billion, Stablecoin Market Share Exceeds 60%
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Summary
Market news indicates that Tether's USDT is projected to generate $5.2 billion in 2025, accounting for 41.9% of stablecoin revenue. This surpasses Circle, Hyperliquid, and others. The top four protocols are expected to capture 65.7% of total revenue, or $8.3 billion. Tether holds a 60.1% market share in stablecoins, with a total value of $187 billion. Bitcoin-related market news also highlights strong institutional interest in the broader cryptocurrency space.
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