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.

  • September 21, 2023

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
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.

  • 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

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.
  • July 17, 2024
  • Exchange Review
Read more
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.
  • July 10, 2024
  • Stablecoins Report
Read more
2024 H2 Outlook Report
CCData's quarterly Outlook Report provides readers with a comprehensive, data-driven analysis of the digital asset landscape. This report reflects on the key events of the previous quarter while casting an eye towards the future, pinpointing emerging trends and potential developments in the coming months and beyond.
  • July 2, 2024
  • Outlook Report
Read more
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
Read more

Stay Up To Date

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

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.
Preferences
DenyAccept