New data on stablecoin ownership by country shows that Tether remains the most popular stablecoin worldwide, while USD Coin is gradually increasing its market share in many major markets.
Nigeria leads the world in stablecoin usage, with a very high ownership rate: 59% of users hold USDT and 48% hold USDC. Australia and India also show significant participation, with 34% and 30% respectively holding USDT. This trend reflects that people in economies with volatile currencies often use stablecoins as an alternative store of value.
Many emerging markets such as Colombia, South Africa, the Philippines, Thailand, and Argentina also report high demand, mainly for cross-border remittances and savings.
Meanwhile, USDC is gaining dominance in markets like the US, Germany, Colombia, and South Africa, indicating a growing demand for stablecoins with clear regulatory frameworks.
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