Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
April 26, 2023
Report Summary
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:
Stablecoin trading volume grew by 13.6% to $775 billion in March, driven by multiple stablecoins depegging during the month. However, April's trading volume appears to be on track for a lower monthly figure, with only $365 billion traded as of April 24th.
The market capitalisation of USDT also rose 2.03% to $81.5bn in April, with the stablecoin nearing its all-time high market cap of $83.7bn (recorded on May 1, 2022).
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Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
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