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Stablecoin supply tops $300B in 2025, led by Tether's USDT dominance amid weak newcomer impact

Market News
19 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

In 2025, the total stablecoin supply surpassed $300 billion, with Tether's USDT commanding about 58% of the market, nearing $190 billion in supply. Despite a $100 billion increase in stablecoin supply, new bank-issued and GENIUS Act-compliant stablecoins have struggled to gain traction against established players like USDT and Circle's USDC. The GENIUS Act aimed to level the playing field for traditional financial institutions, but trust and liquidity advantages keep USDT dominant. This suggests the stablecoin market is solidifying into an oligopoly, with USDT and USDC controlling most of the supply, reflecting strong investor confidence and ongoing growth in digital asset trading.

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