Data: Tether's USDT revenue is expected to reach 5.2 billion USD in 2025, with stablecoins accounting for over 60% of the market value

According to CryptoNews, Coingecko data shows that Tether stablecoin USDT is expected to generate $5.2 billion in revenue by 2025, accounting for 41.9% of all stablecoin-related revenue, surpassing competitors such as Circle, Hyperliquid, Pump.fun, Ethena, Axiom, Phantom, and PancakeSwap. Among the top ten protocols by revenue, the top four entities alone generated 65.7% of the total revenue, amounting to approximately $8.3 billion.

In terms of stablecoin market capitalization, Tether remains in the lead, accounting for 60.1% of the total stablecoin market cap, approximately $187 billion, followed by Circle's USDC, which accounts for 24.2%, equivalent to $72.4 billion.