Tether Dominates Stablecoin Payment Market with Tron as Preferred Network

According to PANews, a report by Artemis in collaboration with Dragonfly and Castle Island Ventures reveals that Tether (USDT) commands 90% of the stablecoin payment market. Tron emerges as the leading settlement network, accounting for approximately 60% of transactions. The annualized payment data for February 2025 indicates a market size of $72.3 billion. Despite Circle's USDC gaining issuance market share, it lags behind USDT in payment scenarios. USDT is widely regarded as a dollar substitute in emerging markets like Argentina and Brazil, with Tron's low cost and high speed making it the preferred transaction chain.