2025 Stablecoin Shakeup: Tether Sees Major Outflows, USD0 and USDX Surge
In early 2025, nearly $4 billion vanished from the top stablecoins, with Tether (USDT) and Ethena USD (USDE) seeing major declines.
Tether lost $3.79 billion, bringing its market cap to $137.21 billion. Ethena’s USDE also dropped by $190 million, now valued at $5.81 billion. Meanwhile, USD0 and USDX experienced notable growth. USD0, backed by U.S. Treasury Bills, rose to the fifth-largest stablecoin with a $1.86 billion market cap, while USDX expanded from $184 million to $585.23 million. Despite Tether’s decline, it still holds a dominant position in the market.
Clever Robot News Desk 9th January 2025
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