Despite Stablecoin Boom, PayPal’s PYUSD and SocGen’s EURCV Struggle to Gain Traction
2025-07-04 05:11:11
Description
While the fiat-backed stablecoin market surged over 76% from 2024 to 2025, adding more than $97 billion in value to reach a record $224.9 billion, not all entrants participated equally in the rally. The overwhelming majority of growth came from USDT and USDC, which together account for 93.5% of the circulating supply. USDtb by Ethena and USD0 by Usual are also making strong debuts. The same cannot be said for traditional finance-backed stablecoins. TradFi Misses the Mark According to the latest ...
$ENA
$0.2611
--6.65%
$PAXG
$3341.3
--0.38%
$ETH
$2547.00
--1.92%
$XLM
$0.23940
--2.40%
$USDC
$0.9989
+0.02%
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