The dominance of Tether and Circle, once seen as unshakable, is now facing its most formidable test yet, crypto product and strategy professional James Murrell argues.
Looking at USDT and USDC’s market capitalization today, you may be fooled into thinking they are unchallengeable. With Tether and Circle controlling over 80% of global stablecoin value by market cap as of October 2025, most other crypto-native challe… [9440 chars]
Source: CoinDesk | Published: 2025-10-14T13:00:00Z
Credit: CoinDesk
