According to ChainCatcher, a report by CoinDesk shows that Circle Internet Financial (CRCL)'s U.S. dollar-pegged stablecoin, USDC, has grown faster than its main competitor Tether's USDT for the second consecutive year in 2025. Data indicates that the market value of USDC increased by 73% in 2025, reaching $75.12 billion, while the market value of USDT grew by 36%, reaching $186.6 billion. In 2024, USDC's growth rate was 77%, compared to 50% for USDT.
USDC Market Cap Grows 73% in 2025, Outpacing USDT for Second Consecutive Year
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Summary
According to CoinDesk, in 2025, USDC outperformed USDT in the cryptocurrency market once again, with its market capitalization increasing by 73% to $75.12 billion. USDT's market cap grew by 36% to $186.6 billion. In 2024, USDC had surged by 77%, compared to USDT's 50% growth. This shift in market share has made stablecoins a key area to watch among altcoins.
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