Tether and Circle's Dominance Is Being Put to the Test

Looking at USDT and USDC's market capitalization today, you may be fooled into thinking they are unchallengeable. With Tether and Circle controlling over 80% of global stablecoin value by market cap as of October 2025, most other crypto-native challengers have yet to put up a convincing fight, despite the fact many offer compelling value propositions for both users and distribution platforms.

Source: coindesk.com

Related symbols: TESTUSD

2025-10-14 13:13:05 GMT.