Tether’s USDT weekly revenue reaches $148.99M, surpasses USDC
Tether’s stablecoin USDT generated $148.99 million in revenue this week, outpacing Circle’s USDC and other competitors in the dollar-backed stablecoin market.
USDT’s earnings placed it well ahead of rivals, with Circle earning $49.25 million, Hyperliquid $31.18 million, Tron $13.96 million, and Pump.fun $12 million, according to DeFiLlama data. The figures underline Tether’s leading role in stablecoin revenue generation and its growing dominance in the global crypto market.
At the same time, Tether remains under scrutiny. The firm has been cooperating with blockchain companies to combat fraud, most recently helping freeze $23 million in illegal USDT transactions. Regulatory oversight continues to shape the firm’s operations as it grows.
The revenue surge has been attributed to rising crypto trading volumes and new stablecoin issuances, both of which fuel broader market activity. While Circle faces hurdles in expanding USDC, Tether’s position as the market leader has been reinforced by consistent demand for its token.
Source: DefiLlama
Tether operates with a relatively small workforce of about 100 employees but manages reserves of $162.57 billion. The company has expanded aggressively in Asia, where digital asset adoption is accelerating.
At the same time, Tether remains under scrutiny. The firm has been cooperating with blockchain companies to combat fraud, most recently helping freeze $23 million in illegal USDT transactions. Regulatory oversight continues to shape the firm’s operations as it grows.
The revenue surge has been attributed to rising crypto trading volumes and new stablecoin issuances, both of which fuel broader market activity. While Circle faces hurdles in expanding USDC, Tether’s position as the market leader has been reinforced by consistent demand for its token.
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