Stablecoins & CBDCs Report

Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.

  • March 22, 2023

We are delighted to announce the release of CryptoCompare’s latest Stablecoins & CBDCs Report!

Stablecoins have grown to become a prominent subsector of the digital asset industry, growing significantly in size and interest over the last few years. In this report, we provide insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume, and stablecoins, segmented by their type based on collateral, type of pegged asset, and more.

Key takeaways:

  • In March, the total market capitalisation of stablecoins fell 1.34% to $133bn (data up to 20th March), the lowest stablecoins market cap since September 2021 and the twelfth consecutive month of decline.
  • Stablecoins trading volume reached $51.9bn as USDC and other stablecoins recovered their peg. This was the highest daily volume recorded since November 10 (during FTX's collapse).
  • TUSD's market capitalisation increased 82.6% to $2.04bn due to Binance's resumption of TUSD trading pairs and conversion of $1bn from BUSD to TUSD and USDT.
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Stablecoins & CBDCs Report

Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.

  • March 22, 2023

Report Summary

We are delighted to announce the release of CryptoCompare’s latest Stablecoins & CBDCs Report!

Stablecoins have grown to become a prominent subsector of the digital asset industry, growing significantly in size and interest over the last few years. In this report, we provide insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume, and stablecoins, segmented by their type based on collateral, type of pegged asset, and more.

Key takeaways:

  • In March, the total market capitalisation of stablecoins fell 1.34% to $133bn (data up to 20th March), the lowest stablecoins market cap since September 2021 and the twelfth consecutive month of decline.
  • Stablecoins trading volume reached $51.9bn as USDC and other stablecoins recovered their peg. This was the highest daily volume recorded since November 10 (during FTX's collapse).
  • TUSD's market capitalisation increased 82.6% to $2.04bn due to Binance's resumption of TUSD trading pairs and conversion of $1bn from BUSD to TUSD and USDT.
Download report

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