Circle’s USDC and Tether’s USDT are the leading stablecoins, with USDC showing significant growth in volume and market share by 2025. Despite USDC's record trading volume of $219 billion in April 2025, it still lags behind USDT. The partnership with Binance played a crucial role in USDC's success, increasing its market share on the exchange to nearly 20%. In contrast, USDT's market share on Binance has decreased. USDC's growth can be attributed to its compliance with regulatory frameworks like MiCA in Europe. While USDC's volume has been on the rise, USDT has experienced a decline. USDT remains dominant in off-exchange applications and cross-border payments. The stablecoin market is evolving rapidly with new competitors entering the space, posing a potential challenge to USDC and USDT's dominance. Read more AI-generated news on: https://app.chaingpt.org/news

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