#Stablecoin giant rakes in over $600 million in revenue#
Hot Topic Overview
Overview
In December 2024, stablecoin giants Tether and Circle generated a combined on-chain revenue of over $664 million, accounting for over 40% of the $1.5 billion total revenue generated by crypto protocols, dominating the stablecoin market. Tether emerged as the largest contributor with $532.1 million in revenue, followed closely by Circle with $132.77 million. Together, the two companies hold nearly 90% of the stablecoin market share, which is valued at over $200 billion.
Ace Hot Topic Analysis
Analysis
Stablecoin giants Tether and Circle generated over $664 million in revenue in December 2024, accounting for over 40% of the $1.5 billion total revenue generated by crypto protocols, dominating the stablecoin market. Tether, as the issuer of the USDT stablecoin, contributed the largest share, generating $532.1 million in revenue. Circle, as the issuer of the USDC stablecoin, followed closely behind, generating $132.77 million in revenue. Together, the two issuers account for nearly 90% of the stablecoin market share, which is valued at over $200 billion. This data indicates that stablecoins are playing an increasingly important role in the cryptocurrency industry, and their issuers are reaping significant rewards.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin issuers play a significant role in the cryptocurrency industry's revenue, generating over $664 million in December 2024, accounting for over 40% of total revenue.
Tether and Circle are the major players in the stablecoin market, contributing $532.1 million and $132.77 million in revenue respectively, capturing nearly 90% of the market share.
The stablecoin market is massive, with a valuation exceeding $200 billion.
Tether and Circle's revenue primarily comes from businesses such as stablecoin issuance and trading.