Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
June 21, 2023
Report Summary
In June, the total market capitalisation of stablecoins fell 0.57% to $128bn (up to 19th June), the lowest stablecoins market cap since September 2021 and the fifteenth consecutive month of decline.
Key takeaways:
Stablecoin trading volumes fell 10.0% to $414bn in May, recording the lowest monthly trading volume by stablecoins on centralised exchanges since December 2022
In June, the market cap of USDT rose 0.03% to $83.2bn, after momentarily breaching its previous all-time high market cap of $83.3bn. USDT's stablecoin market share also rose to 64.6% from 64.3% in May.
The market share of fiat trading pairs compared to the volumes of stablecoin trading pairs dropped to 18.8% in June after the trading volume of fiat pairs fell 33.9% to $99.7bn.
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