Tether leads crypto protocol revenue in 2025

Tether achieved notable success in 2025, generating 5.2 billion USD and making up 41.9% of the total revenues from 168 crypto protocols, while stablecoin issuers generated 8.3 billion USD in total.

Tron secured the second position in the ranking with around 3.5 billion USD, largely due to its facilitation of USDT transactions, emphasizing its vital role in the crypto ecosystem.

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