Report: Tether and Tron Dominate the Stablecoin Payment Market, with Tether Accounting for 90% of Transaction Volume

According to TechFlow, on May 29, CoinDesk reported that Artemis, in collaboration with Dragonfly and Castle Island Ventures, released a report indicating that in the stablecoin payment market, Tether ($USDT) accounts for 90% of the transaction volume, with Tron as the preferred settlement network, comprising about 60%. The annualized payment data scale is expected to reach $72.30 billion by February 2025. Although Circle's $USDC is gradually capturing market share in issuance, it falls far short of $USDT in payment scenarios. $USDT is widely regarded as a dollar substitute in emerging markets such as Argentina and Brazil. Due to Tron's low cost and high-speed advantages, it has become the preferred chain for transactions.