It is difficult for ordinary people to make money through stablecoins. In this issue, I will talk about the reasons.
After the last video was released, some friends sent me private messages in the background, asking me how to make money through stablecoins. In fact, making money with stablecoins is not suitable for ordinary people. It is a game for big institutions.
But this does not prevent us from understanding how this business that even the Trump family is flocking to is played.
It just so happens that the stablecoin company
Circle has been listed on the US stock market recently. Let's look at its financial statements directly. Circle makes money mainly from the interest on its reserves.You will understand as soon as I say it. Users buy USDC, a stable currency of US dollars, from Circle. The exchange rate between USDC and the US dollar is 1:1. For every USDC with a face value of 1 US dollar purchased by users, Circle will get 1 US dollar. This 1 US dollar is called
USDC's US dollar reserve.
Circle will invest this money in low-risk assets such as US Treasury bonds to earn interest.
Friends who are familiar with finance will definitely feel a little familiar. Isn't this the reserve fund for third-party payment? Yes, that's right. As we all know, before the introduction of the reserve fund management method, payment companies such as Alipay could deposit the reserve fund in the bank to earn interest, which is actually a very good business, because the more deposited funds, the more interest.
In 2024, Circle's total revenue will be approximately US$1.676 billion, and its net profit will be approximatelyUS$156 million
, 99%from interest income from reserve funds.
So,How much money Circle can make depends on how widely it can expand the network of the US dollar stablecoin USDC and how many people use USDC, which determines the size of its reserves. On the other hand, it also depends on the interest rate level in the United States. The high interest rate environment will amplify Circle's earnings. From 2022 to 2024, the Fed's interest rate hikes will lead to an increase in short-term Treasury yields, and Circle's reserve income will increase significantly. After talking about Circle, let's turn our attention to the entire market. As far as the US dollar stablecoin market is concerned, it is now in the era of duopoly. Ranked first now is USDT issued by Tether, with a total market value of approximately US$155 billion and a market share of more than 60%. USDC issued by Circleis the second largest US dollar stablecoin, with a total market value of approximately US$61.5 billion and a market share of 26%.
There are also some new entrants. For example, the Trump family's World Liberty Financial has just entered the U.S. dollar stablecoin market and issued USD1, with a total market value of approximately US$2.2 billion in 2025, ranking third, but there is a clear gap between it and USDT and USDC.
Therefore, this market is still in a state of limited oligopoly competition, because such a good business with huge profits and interest, although the model is simple, has a high entry threshold and is suitable for powerful and influential big capital. We ordinary people should look for other opportunities.
As AI-powered nurses take on more roles in hospitals, human nurses worry about its impact on patient care and safety. Should healthcare embrace full automation, or is the human touch essential to delivering the best care?
CatherineAttackers used address poisoning on the EOS blockchain, sending tiny amounts of EOS to users to manipulate them into copying and pasting fake wallet addresses. This led to users mistakenly sending funds to fraudulent wallets, raising concerns about blockchain security.
WeatherlyVolatility Shares LLC is launching the first Solana futures ETFs: SOLZ for standard exposure and SOLT for leveraged exposure. As the market awaits the SEC’s decision on spot Solana ETFs, with a 75% approval chance by year-end, Solana’s price has surged over 8% in 24 hours. Will approval fuel further gains, or is rejection looming?
CatherinePresident Donald Trump will speak at the Digital Asset Summit in New York on 20 March, the first time a US president has addressed a crypto conference. His stance on regulation could have major market implications.
KikyoAn IndyCar team co-owned by David Letterman will showcase a Dogecoin-themed car at this year's Indianapolis 500, with fans choosing the wrap design.
CatherineNotcoin is launching Not Games, a platform that integrates multiple titles with Game Profiles, shared inventories, and an in-game marketplace using NOT tokens. But with a drop in TON’s user base from 2.4 million to 130,000 daily active addresses and a 2 million decline in Telegram membership, will it be regain its former glory?
KikyoJapan’s controversial "active cyber defense" bill raises privacy concerns, particularly in crypto. Critics warn it may infringe on constitutional privacy rights, balancing national security with individual freedoms.
CatherineDogecoin, born as a playful crypto parody, has grown into a global force with a generous community. Beyond its meme origins, it has spent more than a decade supporting charities and grassroots causes. How far has its philanthropy reached?
CatherineThe SEC confirmed that Bitcoin mining does not involve securities and does not require registration. This decision removes uncertainty for miners and reflects a policy shift under new leadership.
WeatherlyKraken is acquiring US retail futures platform NinjaTrader for $1.5 billion, expanding into the futures and derivatives market. The deal adds 1.8 million customers and grants Kraken an FCM license for regulated trading.
Kikyo