Report: Tether and Tron dominate the stablecoin payment market, Circle is catching up

Odaily News Artemis, Dragonfly and Castle Island Ventures jointly released a report pointing out that in the stablecoin payment market, Tether (USDT) accounts for 90% of the transaction volume, and Tron is the preferred settlement network, accounting for about 60%. The annualized payment data in February 2025 reached 72.3 billion US dollars. Although Circle USDC is in a catching-up state and is also eroding market share, it is far inferior to USDT in payment scenarios. The latter is widely regarded as a substitute for the US dollar, especially in emerging markets such as Argentina and Brazil. (CoinDesk)