#Stablecoin giant rakes in over $600 million in revenue#
Hot Topic Overview
Overview
Stablecoin giants Tether and Circle generated a combined $664 million in on-chain revenue in December 2024, accounting for over 40% of the $1.5 billion total revenue generated by crypto protocols, solidifying their dominance in 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 issuers 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, dominating the stablecoin market. According to DeFiLlama data, the two issuers accounted for over 40% of total crypto protocol revenue in December, exceeding $1.5 billion. Tether, as the issuer of the USDT stablecoin, contributed the largest revenue at $532.1 million, while USDC issuer Circle contributed $132.77 million. The two companies together hold nearly 90% of the stablecoin market, which is valued at over $200 billion. This indicates that stablecoins are playing an increasingly important role in the cryptocurrency industry, and Tether and Circle, as leaders in the field, are benefiting from this trend.
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 stablecoin issuance and trading.