Tether and Circle Drive US Stablecoin Market Expansion

The US stablecoin market is experiencing significant growth, driven by Tether and Circle’s dominance. These companies currently hold a 90% share of the market, contributing to a projected $2 trillion valuation by 2028. Jane Doe, Senior Analyst at Treasury Department, notes that USD stablecoins have reached a market cap of approximately $233-234 billion as of April 2025, with expectations of substantial growth exceeding $2 trillion by 2028.