Features Crypto News by Thebittimes.Com

Donald Trump’s administration has made its support for stablecoins explicit, and the two largest, USDC issued by Circle and USDT issued by Tether, have seen their market capitalizations increase. In absolute terms, USDT has seen a larger increase, growing from approximately $138 billion to around $183 billion. This compares favorably to USDC, which has grown from approximately $48 billion to $76 billion. However, if we instead compare their relative increase, USDC takes a large lead . Read more: Circle vs. Tether: What’s in the reserves? Indeed, when we make that comparison, we see that USDC has grown its market capitalization by approximately 59% during this second Trump administration. This is much more than USDT’s 32.5%. Trump’s administration signed a new stablecoin regulation bill — the GENIUS Act — into law during this term. It’s meant to limit the ability for offshore stablecoin issuers like Tether, which is hea...

2025 has been a banner year for stablecoins. A new regulatory framework has been passed in the United States, and even World Liberty Financial, a firm linked to the president of the United States, has launched its own stablecoin. According to data from DefiLlama, stablecoins have increased in market capitalization from approximately $205 billion to somewhere in the region of $263 billion. Predictably, Tether (USDT) has maintained significant dominance over this market sector, representing approximately 62% of its total market capitalization. Tether Throughout 2025, USDT has grown from a market capitalization of approximately $137 billion to $162 million. Tether has also been able to make inroads into the political arena thanks to Howard Lutnick, who previously led Cantor Fitzgerald — where Tether keeps much of its reserves — and who is now the commerce secretary under Donald Trump. Read more: Tether: Ten years, 100,000,000,000 USDT, and still ...

An Ethereum (ETH) competitor has captured a massive share of USDT stablecoin transactions, according to the chief executive of the analytics firm CryptoQuant. Ki Young Ju says on the social media platform X that the value of the USDT hosted on Tron (TRX) is now more than three times the layer-1 blockchain’s market cap. “TRX has achieved strong product-market fit in stablecoin use cases. TRON blockchain processes 92% of USDT transactions and hosts $60 billion in USDT, yet TRX market cap is only $17 billion. TRX-based USDT is widely used in global trade by offering low-cost, fast stablecoin remittances.” Source: Ki Young Ju/X Justin Sun founded the Tron network in September 2017, and the project’s mainnet launched in May 2018. Ki Young Ju says Sun has built “the biggest global stablecoin trade remittance system.” “I’m not being paid to say this, nor do I own TRX, but I think that he has made a significant impact in the field ...

Towards the end of September, the largest crypto exchange Binance de-listed all USD Coin [USDC], TrueUSD [TUSD], and Pax Dollar [USDP] denominated trading pairs. Right after that, it officially started auto-converting deposits into the exchange’s native stablecoin BUSD.  The said 1:1 conversion measure was taken to enhance liquidity and capital efficiency for the users. The delisting and conversion, however, impacted the market share of volume across all global exchanges .  A recent analysis from Kaiko revealed, USDC, as of now, has seen a considerable drop in market share for BTC vs. stablecoin transactions, falling from 2.79% to just .5%, which shows that Binance accounted for a majority of USDC volume on centralized exchanges. On the other hand, since the auto-conversion, BUSD’s global market share—when compared against USDT and USDC—has increased from ~20–21% to 26%. Source: Kaiko The auto-conversion was executed after USDC’s market capitalization tumbl...