@maximilianzx

Stablecoin supply surpassed $200 billion in 2025, with USDT’s market share rising to 70% from 65%. Tether’s $140 billion circulation grew due to new offerings like BRDT, capturing 20% of Brazil’s P2P market. USDT’s dominance stems from its 0.5% fees, undercutting USDC’s 1%, and Tron’s 70% share of stablecoin transactions, where USDT leads. Despite Circle’s IPO and transparency push, USDT’s $1 billion reserve for new pegs, like the euro-backed EURT, bolstered trust. Regulatory clarity in the U.S., post-Trump’s pro-crypto stance, also favored Tether’s expansion. USDC’s 35% share may grow with real-time audits, but USDT’s entrenched liquidity and global reach could push its share to 75% by 2026, unless competitors innovate faster.

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