Stablecoin Issuers Capture 60-75% of Daily Crypto Protocol Revenue

Stablecoin issuers account for 60% to 75% of total daily revenue across major crypto protocol categories. Tether's CEO Paolo Ardoino stated the company is projected to generate $15 billion in profit this year with a 99% margin. Rising competition is prompting some issuers to explore new value-sharing models, with platforms like Coinbase offering 3.85% APY on USDC holdings.