Tether pulls in $484.4M in 30 days, more than double Circle's pace

AI Market Summary

DefiLlama data indicating Tether generated about $484.4M in fees over 30 days—more than double Circle's reported $194M—highlights USDT's outsized earnings power from reserve yields. The headline reinforces perceptions of USDT's scale and profitability, which can support stablecoin liquidity conditions across crypto venues and collateral markets. Near-term, the news may improve risk appetite toward broader crypto activity via confidence in dominant settlement rails.

Impact level

● Medium

Affected assets

BTC/USDT-0.92%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Tether has brought in about $484.4 million over the past 30 days, according to DefiLlama's protocol fee dashboard. The haul is attributed to yield earned on the assets backing the USDT stablecoin. Over the same period, stablecoin rival Circle generated roughly $194 million from USDC, leaving Tether running at more than twice the revenue rate.

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