X @Token Terminal ๐
Token Terminal ๐ยท2025-09-25 20:05
Market Share & Issuer Concentration - Top 4 stablecoin issuers hold approximately 96% of the market share [1] Issuer Types & Status - Tether is a private company, Circle is a publicly listed company, and Ethena & Sky are DAOs (Decentralized Autonomous Organizations) [1] Valuation & Industry Interest - Tether's round at a valuation of approximately $500 billion suggests continued interest in the stablecoin category [1]