Stablecoin Market Expands Under Trump Administration

According to BlockBeats, during U.S. President Donald Trump's administration, the U.S. stablecoin market experienced significant growth supported by favorable policies. The market saw notable expansion in the market capitalization of two major stablecoins: USDC, issued by Circle, and USDT, issued by Tether. Data indicates that while USDT led in absolute growth, USDC outpaced it in relative growth. USDT, the market leader, increased its market capitalization from approximately $138 billion to $183 billion, showcasing a substantial absolute increase. Meanwhile, USDC's market capitalization rose from around $48 billion to $76 billion, achieving a relative growth rate of about 59%, significantly surpassing USDT's 32.5% growth rate during Trump's second term.