Tether still dominates stablecoins despite competition — Nansen

April 29, 2025

, By Cointelegraph

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Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies.

As of April 25, Tether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/tether-price-index”>USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/usdc-price-index” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/usdc-price-index”>USDC), Nansen said in the April 25 report. Ethena’s USDe stablecoin ranks a distant third, touting a market share of just over 2%.

Nansen expects Tether’s lead to…

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Tether still dominates stablecoins despite competition — Nansen

April 29, 2025

, Published By Cointelegraph

Despite growing competition from emerging issuers, the stablecoin market remains largely dominated by a few key players. According to data from Web3 research firm Nansen, Tether’s USDt continues to lead among US dollar-pegged stablecoins, even as competition intensifies.

As of April 25, Tether ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/tether-price-index” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/tether-price-index”>USDT) has a roughly 66% market share among stablecoins, compared to around 28% for USDC ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/usdc-price-index” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/usdc-price-index”>USDC), Nansen said in the April 25 report. Ethena’s USDe stablecoin ranks a distant third, touting a market share of just over 2%.

Nansen expects Tether’s lead to…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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