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.

  • August 16, 2023

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! Click the button to download the report.
Download
Oops! Something went wrong while submitting the form.

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.

  • 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

More Featured Reports

Integrating Digital Assets: Evaluating the Role of Cryptocurrency in Investment Portfolios
Explore how favorable U.S. regulations and spot Bitcoin ETF approvals are driving institutional investments in Bitcoin and Ethereum, impacting market dynamics and portfolio strategies.
  • June 27, 2024
Exchange Review
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.
  • June 5, 2024
  • Exchange Review
Stablecoins & CBDCs Report
Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalisation, trading volume and more.
  • May 29, 2024
  • Stablecoins Report
Exchange Review
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.
  • May 8, 2024
  • Exchange Review

Stay Up To Date

Get our latest research, reports and event news delivered straight to your inbox.