The crypto industry saw significant on-chain revenue in December, with stablecoin issuers taking the lion’s share, according to data from DeFiLlama. These issuers collectively earned over $664 million, representing over 40% of the $1.5 billion total revenue generated by crypto protocols. Tether, the USDT stablecoin issuer, emerged as the top contributor, pulling in $532.10 million. […]
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source: https://cryptoslate.com/insights/tether-and-circle-generate-664-million-in-december-revenue-commanding-stablecoin-market/