#Stablecoin giant rakes in over $600 million in revenue#
Hot Topic Overview
Overview
Stablecoin giants Tether and Circle generated $664 million in revenue in December 2024, accounting for over 40% of total crypto protocol revenue, making them the primary source of income in the crypto industry. Tether was the largest contributor with $532.1 million in revenue, followed by Circle with $132.77 million. The two companies jointly dominate the stablecoin market, holding nearly 90% of the market share, which is valued at over $200 billion.
Ace Hot Topic Analysis
Analysis
Stablecoin giants Tether and Circle generated a staggering combined revenue of over $664 million in December 2024, highlighting the growing importance of the stablecoin market within the cryptocurrency industry. Tether emerged as the largest contributor with revenue of $532.1 million from its stablecoin USDT, while Circle followed closely with $132.77 million in revenue from its USDC stablecoin. Together, the two companies dominate the stablecoin landscape, holding nearly 90% of the market share, which is valued at over $200 billion. This data underscores the significant earnings generated by stablecoin issuers within the cryptocurrency industry, solidifying their position as a driving force in the sector's growth.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Stablecoin issuers dominate cryptocurrency industry revenue, exceeding $664 million in total revenue in December 2024.
Tether and Circle are the major players in the stablecoin market, contributing $532.1 million and $132.77 million in revenue, respectively.
Tether and Circle together dominate the stablecoin market, accounting for nearly 90% of the market share.
The stablecoin market is valued at over $200 billion.