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Data: Stablecoin Issuers Generate Nearly $10 Billion in Annual Revenue

Summary: According to CoinDesk Data, stablecoin issuers have generated nearly $10 billion in revenue over the past year. Tether leads with $6.56 billion in revenue, followed by Circle with $1.89 billion, Sky Protocol with $384 million, and Ethena with $332 million in revenue.

According to CoinDesk Data, stablecoin issuers have generated nearly $10 billion in revenue over the past year. Tether leads with $6.56 billion in revenue, followed by Circle with $1.89 billion, Sky Protocol with $384 million, and Ethena with $332 million in revenue.

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