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The revenue of stablecoin reached 10 billion dollars amid a bull run.
Stablecoin issuers, led by Tether, generated nearly 10 billion USD in revenue, with Tether earning 6.56 billion USD, Circle making 1.89 billion USD, Sky Protocol receiving 384 million USD, and Ethena generating 332 million USD.. This growth strengthens the blockchain ecosystem, boosting liquidity and decentralized financial activity (DeFi).
The market capitalization of stablecoins has reached 228 billion USD thanks to active trading and favorable regulations in the US. Tether USDt (USDT) maintains a stable price of 1.00 USD, with a market cap of 158 billion USD and a 24-hour trading volume of 84 billion USD. Research shows that the development of stablecoins will continue thanks to the acceptance of DeFi and supportive regulations.