Circle’s USDC surpasses Tether’s USDT in growth for the second year in a row

In 2025, Circle’s USDC stablecoin’s market cap skyrocketed by 73% to 75.12 billion USD, while Tether’s USDT grew by 36% to 186.6 billion USD. This marks the second consecutive year that USDC has outpaced USDT, reflecting a significant shift in market demand for regulated stablecoins.