Report: Tether and Tron dominate the stablecoin payment market, while Circle is in catch-up mode

ChainCatcher news, a report released by Artemis in collaboration with Dragonfly and Castle Island Ventures points out that in the stablecoin payment market, Tether (USDT) accounts for 90% of the trading volume, with Tron being the preferred settlement network, accounting for about 60%. By February 2025, the annualized scale of payment data will reach $72.3 billion. Although Circle's USDC is in a catch-up mode and is also eating into market share, it is far behind USDT in payment scenarios, which is particularly widely regarded as a dollar substitute in emerging markets such as Argentina and Brazil.