USDT Still Leads as USDC Appears to Gain Ground on Ethereum Amid Record $271B Stablecoin Market

  • Stablecoins total $271.1B — USDC leads on Ethereum, USDT on TRON.

  • USDC processes >$20B daily on a 7-day average; USDT posts record TRON transactions.

  • USD1 issued $23M after GENIUS Act rules; market share is small but rising.

Stablecoins surge to $271.1B, USDC leads on Ethereum, USDT rules TRON — read the market breakdown and key takeaways.

What are the current stablecoin leaders in 2025?

Stablecoins reached $271.1 billion in total value in 2025, with USDC now the dominant token on Ethereum and USDT leading on TRON. This split reflects network preferences, regulatory positioning, and exchange-driven retail activity.

How did USDC overtake USDT on Ethereum?

USDC’s rise on Ethereum stems from deep DeFi integration, regulated reserve disclosures, and broad protocol support. From 2018–2025, ERC20 stablecoin transfers totaled $39.7 trillion, and USDC now averages over $20 billion in daily transfers versus USDT’s $12–$15 billion range.

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Stablecoins totaled $271.1 billion in value at the time of reporting. Market size varies by chain, with Ethereum and TRON showing distinct leader tokens and activity patterns.


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Source: https://en.coinotag.com/usdt-still-leads-as-usdc-appears-to-gain-ground-on-ethereum-amid-record-271b-stablecoin-market/