Stablecoin Market Witnesses Growth During Trump Administration

The U.S. stablecoin market experienced significant expansion under former President Donald Trump’s administration, fueled by supportive policies. Data reveals substantial growth in the market capitalization of two leading stablecoins: USDC, issued by Circle, and USDT, issued by Tether. While USDT saw a notable increase in absolute value, USDC exhibited a faster rate of relative growth. The market leader, USDT, expanded its market capitalization from approximately $138 billion to $183 billion, showcasing a substantial increase. In contrast, USDC’s market capitalization grew from around $48 billion to $76 billion, achieving a relative growth rate of about 59%, significantly outpacing USDT’s 32.5% growth during this period.