PANews reported on January 6th, citing CoinDesk, that in 2025, as the US government's attitude towards digital assets softened, market demand for regulated, blockchain-based US dollars increased, and Circle's USDC stablecoin outpaced Tether's USDT for the second consecutive year. Data shows that in 2025, USDC's market capitalization grew by 73% to $75.12 billion, while USDT's market capitalization grew by 36% to $186.6 billion. In 2024, USDC grew by 77%, while USDT grew by 50%. USDC and USDT together account for over 80% of the total stablecoin market capitalization of $312 billion, indicating that other tokens have not yet benefited from the development of US regulation.