While traders obsess over price charts, the real money machine in crypto has been hiding in plain sight. Tether generated a staggering $5.2 BILLION in revenue last year, cementing its position as the most profitable player in the entire industry. Even more shocking? Stablecoin issuers captured 41.9% of total crypto protocol revenue, quietly outperforming DeFi, L1s, and hype-driven narratives.
This isn’t speculation-fueled income — it’s pure, recurring demand. Every trade, every hedge, every on-chain move flows through stablecoins first. As volatility rises and capital rotates faster, these rails become indispensable. The result? Cash-flow monsters quietly absorbing value while the crowd watches memes and price candles.
Crypto isn’t just about “number go up” anymore — it’s about who gets paid no matter what.
Are you watching prices… or following the revenue?
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