Tether and Circle Lead Stablecoin Market in Revenue

Stablecoin market leader Tether and Circle remain dominant in Q3 2025, generating significant revenue thanks to high liquidity and institutional demand. USDT (Tether) and USDC (Circle) account for over 85% of the global stablecoin market share, exceeding competition and shaping market dynamics across DeFi, trading, and blockchain infrastructure. 85% market share signifies Tether and Circle’s unprecedented influence in the sector.