Tether Posts Largest Crypto Revenue in 2025: $5.2B From Stablecoin Dominance
Tether emerged as essentially the most worthwhile crypto entity in 2025, producing an estimated $5.2 billion in income as stablecoins overtook all different protocol classes in earnings.
According to the most recent Coingecko annual crypto industry report, Tether alone accounted for 41.9% of all stablecoin-related income in 2025, outpacing opponents reminiscent of Circle, Hyperliquid, Pump.enjoyable, Ethena, Axiom, Phantom, and PancakeSwap.
The outcomes present that dollar-backed digital currencies have grow to be essentially the most sturdy income engine in crypto, at the same time as market situations fluctuated all year long.
Tether Leads Stablecoin Issuers To Capture Crypto Revenue Crown
Among greater than 168 crypto protocols tracked in 2025, stablecoin issuers collectively generated the best income, with Tether firmly on the heart.
Its $5.2 billion haul positioned it properly forward of Circle and different main gamers, reinforcing USDT’s place because the trade’s major settlement asset.
Within the highest ten revenue-generating protocols, simply 4 entities, led by Tether and Circle, produced 65.7% of complete earnings, equal to roughly $8.3 billion.
The remaining six protocols in the highest ten had been all trading-focused platforms, highlighting a pointy divide between secure income streams and market-dependent revenue.
That distinction turned clear as buying and selling revenues swung broadly with investor sentiment through the 12 months.
Phantom, for instance, recorded $95.2 million in income in January on the top of the Solana meme coin frenzy, solely to see earnings fall to $8.6 million by December as speculative exercise cooled.
The broader stablecoin market expanded quickly, with complete market capitalization rising by $6.3 billion in the fourth quarter alone to achieve a file $311.0 billion.
That marked a 48.9% year-over-year enhance, including $102.1 billion as adoption accelerated throughout areas.
Tether maintained clear management with 60.1% of the overall stablecoin market cap, or about $187.0 billion, adopted by Circle’s USDC at 24.2%, equal to $72.4 billion.
Tether is now the world’s third-largest digital asset by market worth at $186.8 billion, up roughly 50% from a 12 months earlier.
While the highest gamers strengthened their grip, shifts throughout the prime 5 mirrored altering threat appetites.
Ethena’s USDe skilled the sharpest reversal, with its market cap plunging 57.3%, or $6.5 billion, after a mid-October depeg on Binance undermined confidence in high-yield looping methods.
Other stablecoins posted combined however notable strikes as capital rotated throughout the sector.
PayPal’s PYUSD surged 48.4%, including $1.2 billion to achieve $3.6 billion and briefly claiming the fifth spot earlier than World Liberty Financial’s USD1 reclaimed it by practically $1.
Additional high-growth tokens included Ripple’s RLUSD, which expanded 61.8% to add $488.2 million, and USDD, which climbed 76.9% with a $366.8 million enhance.
Inside Tether’s $500B Valuation Path and Expanding Investment Empire
Looking forward, Bitwise CIO Matt Hougan lately suggested that Tether might grow to be the world’s most worthwhile firm if its trajectory continues.
“There’s an opportunity that many rising market nations will convert from primarily utilizing their very own currencies to utilizing USDT,” Hougan mentioned, pointing to Tether’s near-total dominance exterior Western markets.
Based on projected curiosity revenue, calculations point out that custody of $3 trillion in belongings might generate annual income exceeding the $120 billion earned by Saudi Aramco final 12 months.
Tether CEO Paolo Ardoino beforehand told Cryptonews he stays assured USDT will retain its lead because of the firm’s deep understanding of real-world utilization.
Beyond stablecoins, Tether has expanded aggressively into conventional belongings and investments.
@Tether_to has launched an all-cash bid to amass Italy’s @juventusfcen, a suggestion that was reportedly swiftly turned down.#Tether #Cryptohttps://t.co/4iTBXWjo5V
— Cryptonews.com (@cryptonews) December 13, 2025
The firm lately turned the second-largest shareholder in Italian soccer membership Juventus and has reportedly explored elevating $20 billion for a 3% stake, a deal that might suggest a valuation close to $500 billion and place Tether among the many world’s most beneficial corporations.
The submit Tether Posts Largest Crypto Revenue in 2025: $5.2B From Stablecoin Dominance appeared first on Cryptonews.
