Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
May 24, 2023
Report Summary
In May, the total market capitalisation of stablecoins fell 0.45% to $130bn (up to 23rd May). Trading volumes also declined, falling 40.6% to $460bn and recording the lowest monthly trading volume by stablecoins on centralised exchanges since December 2022.
Key takeaways:
In May, the total market capitalisation of stablecoins reached its lowest level since September 2021 - falling 0.45% to $130bn. This is the fourteenth consecutive month of decline for the total stablecoins market cap.
Stablecoin trading volume fell 40.6% to $460bn, recording the lowest monthly trading volume since December 2022. As of the 22nd May, only $292bn has been traded – with volumes on track to record an even lower monthly volume this month.
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