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Tether Dominates Crypto Revenue With $5.2 Billion in 2025

New research shows stablecoin issuers, led by Tether, generated the majority of crypto protocol revenue in 2025, highlighting a shift away from trading-driven income toward payment and settlement infrastructure. Stableco...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Tether Dominates Crypto Revenue With $5.2 Billion in 2025
New research shows stablecoin issuers, led by Tether, generated the majority of crypto protocol revenue in 2025, highlighting a shift away from trading-driven income toward payment and settlement infrastructure. Stablecoins Overtake Trading as Crypto’s Top Revenue Engine Stablecoin issuers emerged as the clear revenue leaders in crypto last year, according to new research from Coingecko. […]

Why this matters

Tether is showing up inside the Stablecoins theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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