The stablecoin sector often presents itself as a diverse ecosystem. In reality, the market structure tells a very different story. Today, the vast majority of stablecoin liquidity is concentrated in the hands of just two companies.

According to recent market share data, Tether (USDT) accounts for roughly 59.74% of the entire stablecoin supply, while USD Coin (USDC) holds about 24.82%.

Combined, that means 84.56% of the global stablecoin market is effectively controlled by two issuers: Tether and Circle.

In a sector designed to decentralize finance, the backbone of crypto liquidity still depends heavily on two centralized companies$BTC $ETH #MarketRebound #NewGlobalUS15%TariffComingThisWeek #KevinWarshNominationBullOrBear #USADPJobsReportBeatsForecasts #USADPJobsReportBeatsForecasts $XRP