2026-01-14 23:09:53

Stablecoin market tells an interesting story—concentration is real. Just look at the numbers: USDT and USDC together pumped over $51 billion into net supply over the past year. That's the market making a choice.

The dominance shows up everywhere. USDC led 2025 transfer volume by a huge margin, hitting $18.3 trillion against USDT's $13.3 trillion. Meanwhile, the rest of the stablecoin ecosystem? Mixed bag. Some players growing slow, others actually burning supply.

This duopoly feels unshakeable, but markets always hunt for the next thing. Which stablecoin projects have what it takes to actually break through? The opportunity is there if you find the right narrative.

USDC-0,05%

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FUD_Vaccinated

· 01-16 07:16

USDC this round is really impressive, but to be honest, Tether is still that old fox... Who can break this duopoly?

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SnapshotLaborer

· 01-14 23:37

This wave of USDC is indeed fierce, but it feels like capital is playing exclusivity... Are there still opportunities for other stablecoins?

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GasFeeCrier

· 01-14 23:32

USDC has really taken off, but these two giants are dominating too fiercely... other stablecoins don't stand a chance.

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MoonBoi42

· 01-14 23:15

The USDC data is really outrageous, surpassing USDT transfer volume by so much... Monopolistic oligopoly is dead.

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GateUser-6bc33122

· 01-14 23:13

Is USDC's data so strong... It still feels like USDT is relying a bit on its old reputation.

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DefiVeteran

· 01-14 23:10

USDC's momentum is so obvious... but to be honest, USDT's scale is still intimidating, with a 5.1 billion increase, I suspect the main contributor is still it. Where are the opportunities for other coins? Feels a bit empty talk. It's just about telling stories—who has the more compelling narrative wins. Now entering the market to break this monopoly requires a lot of courage. With such a solid duopoly, can it really be changed? Ultimately, it still depends on capital accumulation.

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