Stablecoins & CBDC's 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.

  • December 20, 2023

The total market capitalisation of stablecoins rose 0.9% to $129bn (as of Dec 18th), continuing the asset class’s resurgence after adding $4.25bn to their supply in November. This is the highest market capitalisation for stablecoins since May. Stablecoin volumes also continue to trend upwards, with November seeing the highest stablecoin volumes since March.

Key Takeaways

  • In November, the total market capitalisation of stablecoins rose 3.43% to $128bn, recording the largest monthly supply increase since February 2022. The market cap is on trend to rise further in December, with the asset class recording a 0.17% increase to $129bn as of the 18th.
  • In December, FDUSD's market capitalisation rose 92.6% to $1.63bn (as of Dec 18th), recording a new all-time high for the stablecoin.
  • In December, leading stablecoin issuer Tether announced that they have onboarded the DOJ, FBI and the U.S. Secret Service to prevent the illegal use of USDT.
Download report
Thank you! Click the button to download the report.
Download
Oops! Something went wrong while submitting the form.

Stablecoins & CBDC's 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.

  • December 20, 2023

Report Summary

The total market capitalisation of stablecoins rose 0.9% to $129bn (as of Dec 18th), continuing the asset class’s resurgence after adding $4.25bn to their supply in November. This is the highest market capitalisation for stablecoins since May. Stablecoin volumes also continue to trend upwards, with November seeing the highest stablecoin volumes since March.

Key Takeaways

  • In November, the total market capitalisation of stablecoins rose 3.43% to $128bn, recording the largest monthly supply increase since February 2022. The market cap is on trend to rise further in December, with the asset class recording a 0.17% increase to $129bn as of the 18th.
  • In December, FDUSD's market capitalisation rose 92.6% to $1.63bn (as of Dec 18th), recording a new all-time high for the stablecoin.
  • In December, leading stablecoin issuer Tether announced that they have onboarded the DOJ, FBI and the U.S. Secret Service to prevent the illegal use of USDT.
Download report

More Featured Reports

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.
  • April 4, 2024
  • Exchange Review
Stablecoins & CBDCs Report
The latest Stablecoin insights from CCData's award-winning research team, featuring trading volumes, peg deviations and more.
  • March 20, 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.
  • March 8, 2024
  • Exchange Review
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.
  • March 4, 2024
  • DAMR

Stay Up To Date

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