According to ChainCatcher, Circle Internet's USDC stablecoin, pegged to the U.S. dollar, has surpassed its main competitor, Tether's USDT, in growth for the second consecutive year in 2025. Data reveals that USDC's market capitalization increased by 73% to reach $75.12 billion, while USDT's market capitalization grew by 36% to $186.6 billion. In 2024, USDC experienced a growth rate of 77%, compared to USDT's 50% growth rate.

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