Circle maintains a dominant position in the regulated stablecoin market via USDC, as its market capitalization jumped 73% to $75.12 billion. This outperformance continued for a second consecutive year against rival Tether’s USDT growth. USDC’s market capitalization increased 73% to $75.12 billion in 2025.
In the same period, Tether’s USDT growth rose 36%, highlighting the second consecutive year in which USDC outpaced USDT. USDC’s market cap reached $75.12 billion in 2025, underscoring its leadership in the sector. The continued outperformance against USDT highlights USDC’s resilience amid evolving regulatory and market dynamics. As the stablecoin landscape evolves, Circle’s USDC leadership may influence market structure and regulatory expectations moving into 2026.
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