Leaders' share of the stablecoin market shrinks: new competitors increase pressure

22.03.2025

In March 2025, the stablecoin market is undergoing a notable change: the positions of the two largest players, Tether (USDT) and USD Coin (USDC), are weakening amid the active growth of new competitors. According to the latest data from analytical platforms, the share of USDT and USDC fell below 80% of the total capitalization of stablecoins for the first time in two years. Meanwhile, new projects such as FDUSD, PYUSD and EUROe already have a combined market share of more than 15%, showing a 40% increase in issuance volume over the past six months.Experts say the increased competition is due to growing demand for transparency, regulation and technological innovation. New stablecoins are introducing advanced reservation mechanisms, automated audits and expanding support for various blockchain networks. For example, FDUSD is actively integrating into DeFi protocols, and PYUSD is becoming popular among international payment services.Users are benefiting from the expanding choice of steblecoins - lower fees, faster transaction speeds and access to new financial instruments. According to analysts, further diversification of the market will lead to increased competition and even more reliable and innovative solutions for the global cryptocurrency community