#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 exceeding $664 million, accounting for over 40% of the $1.5 billion total revenue generated by crypto protocols, making them the primary revenue generators in the cryptocurrency industry. Tether emerged as the largest contributor with $532.1 million in revenue, while Circle generated $132.77 million. Together, these two companies 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 $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. Of this, Tether, the issuer of the USDT stablecoin, contributed $532.1 million in revenue, while USDC issuer Circle contributed $132.77 million. Together, the two companies account for nearly 90% of the stablecoin market, 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 crypto industry revenue, generating over $664 million in December 2024, accounting for over 40% of total revenue.
Tether and Circle are the dominant 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 stems from stablecoin issuance and trading, reflecting the crucial role of stablecoins in the crypto industry.