As of April 25, 2025, Tether’s USDT has a dominant 66% market share compared to USDC’s 28%. Tether has maintained its position despite the competition from USDC, which has seen rapid growth since November, thanks to favorable regulations.
Tether reported near 14 billion USD in profits for 2024 from bond investments. While USDC is attracting institutional interest due to regulatory clarity, it faces growing competition from traditional finance entities entering the stablecoin space.
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