BiyaPay Analyst: Circle's Listing Market Cap Reaches $45 Billion, Tether's Listing Could Push Market Cap Beyond $500 Billion

BlockBeats News, June 21, Tether is expected to achieve a $7.4 billion EBITDA by 2025. Referring to the valuation multiple of 69.3 times of the listed stablecoin issuer Circle (parent company of USDC) currently, Tether's potential valuation could reach as high as $515 billion. Currently, the market cap of USDT is about $155 billion, with a global user base of 420 million, covering emerging markets and high inflation countries, widely used for savings and payments.

Tether CEO Paolo Ardoino stated that USDT has become the most realistic alternative to the US dollar for users in countries like Turkey, Argentina, and has set up offline service points to promote stablecoin payments in Africa and other regions. In addition, Tether has also invested in areas such as agriculture, AI, and brain-machine interfaces, laying out the future digital economic infrastructure.

On the other hand, the recently listed USDC issued by Circle (CRCL.US) currently has a market cap of about $45 billion. Although it has stronger compliance, its market share is still far below that of USDT. With the advancement of the "Stablecoin Innovation Act" legislation in the United States, the future stablecoin competitive landscape may see a new round of changes.

As the world's first multi-asset trading wallet, BiyaPay showcases unique value and has now connected 30 fiat currencies with 200 cryptocurrencies for instant exchange. Users can directly participate in the US stock/Hong Kong stock market, spot/contract Maker with zero fees through a USDT 1:1 equivalent exchange to USD.