Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
August 16, 2023
Report Summary
The total stablecoin market cap continued to decrease In August, recording its 17th consecutive month of decline, falling 1.28% to $124bn. This is the lowest stablecoin market cap recorded since August 2021.
Key takeaways:
Stablecoin trading volumes fell 6.14% to $453bn as volatility continued to dry up
In August, the market cap of USDT fell 0.62% to $83.3bn, recording the first decline in end-of-month market cap for USDT since October 2022.
The market cap of First Digital Labs’ FDUSD stablecoin jumped 1410% to $305mn in August, following its launch on Binance last month.
In August, PayPal launched its USD-pegged stablecoin, PYUSD, on Ethereum. The fully diluted market cap of the stablecoin is currently $27mn.
Download report
Thank you! Your download will open in a new tab in a moment. If it doesn't, click the button to download.
Oops! Something went wrong while submitting the form.
Digital Asset Management Review
CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.
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.
CCData’s Digital Asset Management Review provides an overview of the global digital asset investment product landscape. Our review focuses on key developments across various product types and tracks the adoption of these products by analysing assets under management, trading volumes, price performance and more.
Get our latest research, reports and event news delivered straight to your inbox.
Thank you! Your submission has been received.
Oops! Something went wrong while submitting the form.
By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Contact
.png)
.png)
