Summary
- According to Messari, Tether and Circle, issuers of dollar-based stablecoins, recorded earnings of $790 million in the past month.
- The earnings of these two companies are six times larger than the combined earnings of the bottom eight protocols.
- Messari reported that Tether and Circle are dominating the crypto asset industry.
It has been revealed that the dollar-based stablecoin issuer Tether (USDT) and USDC issuer Circle earned $790 million over the past month.
On the 8th (local time), Messari stated via X (formerly Twitter), "Tether and Circle recorded earnings of $790 million over the past 30 days," adding, "This amount is six times larger than the combined earnings of the bottom eight protocols." Messari further commented, "They are dominating the cryptocurrency industry."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
