Despite the increasing competition from emerging exporters, the Stablecoin Market is still largely controlled by some of the main players. According to Nansen Research, UTETR’s Usdt continues to lead the US dollar, even with the intensification of competition.
As of April 25, tether (USDTAbout 66 % of the market share between Stablecoins, compared to about 28 % for USDC (USDCNanson said in the April 25 report. Stablecoin ranks from Ethina, a third is far away, as it tells the market share slightly more than 2 %.
Nansen expects Tether to be from Tether to be even with my competitors like USDC the fastest growth rates.
“With approximately 3x like many users such as Uiswap transactions and 50 % more than the next application, Tether is to a large extent the largest use of ONSAIN activity,” Nansen said.
“Despite the potential dispersion of stables, we definitely believe that this is the” winning “market dynamic.
The rope is also Stablecoin most profitable sourcesNearly $ 14 billion in 2024 profits. The company gets revenues by accepting USDT dollars and later investing these dollars in very liquid tools, such as US Treasury bills.
“Given the growth of USDT and USDC, users clearly express that they are not necessarily concerned with the return because they imagine it to link and the circle simply, they want to reach the most liquid and” stable “/ at least for the collapse there.
Competitive scene
Nanson said that USDC’s adoption has accelerated since November, when US President Donald Trump’s victory began in the elections in a more suitable American organizational environment.
The report said that the United States’s Stablecooin was “especially attractive to institutions that require organizational clarity.”
But USDC is now facing “intensification of competition as a major traditional financial institutions (i.e. sincerity, PayPal, and banks) entering the market,” adding that Stablecoins, including Pyusd PayPal and Ripple USD, “gains speed.”
On April 25, the payment processor was distinguished Plan to create a new stablecoin product On its own, after purchasing a stablecoin platform bridge last year.
Despite its share in the smaller market, Stablecoin is still “competitive on most advanced fronts”, partly due to the integration of central stock exchanges (CEXS) and decentral financing protocols (Defi), according to the report.
Since its launch in 2024, Ethena from Stablecoin has established an average annual return of about 19 %, according to Etheina.
magazine: Bitcoin payments are undermined by central stablecoins
publish_date
