Gain insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume and more.
September 21, 2023
Report Summary
The total stablecoin market cap continued to decrease in September, recording its 18th consecutive month of decline, falling 0.63% to $124bn. This is the lowest stablecoin market cap recorded since August 2021.
Key Takeaways
The trading volumes for PYUSD trading pairs on centralised exchanges totalled $8.46mn in September (as of the 18th).
Binance announced that the exchange will gradually end support for BUSD by February 2024. The stablecoin has seen its market cap decline for the 10th consecutive month, falling 19.1% to $2.49bn in September.
The FDUSD stablecoin seems to be the largest beneficiary from BUSD’s gradual delisting, trading $4.61bn in September (as of the 18th).
Download 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.
CCData's Exchange Benchmark is the industry standard for ranking the risk associated with the digital asset exchange sector. The report is backed by thousand of research hours and utilises over 200 qualitative and quantitative metrics.
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.
Discover insights into digital asset custody in our report - 'Crypto Custody: An Institutional Primer' by CCData. Learn about industry trends and the role of custodians.
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)
.png)
