Stablecoins & CBDCs Report - December 2025

CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.

  • January 16, 2026
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Stablecoins & CBDCs Report - December 2025

CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalization, trading volumes, peg deviations, regulatory changes, and more.

  • January 16, 2026

Report Summary

The total stablecoin market resumed its upward trajectory after declining for the first time in 26 months in November, rising 1.25% to $310B. 

USDC’s cumulative transfer volume across all supported chains surpassed $50T in December 2025, marking a major milestone in its on-chain adoption.

The market capitalization of Sky Dollar’s USDS rose 11.0% to $6.51B, reaching a new all-time high for the stablecoin. 

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