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 31, 2024
Report cover

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 31, 2024

Report Summary

In July, the total market capitalisation of stablecoins rose 2.11% to $164bn, recording the tenth consecutive increase in the end-of-month market capitalisation.

  • Trading volume for stablecoin pairs on centralised exchanges fell by 8.35% to $795bn (as of the 25th), marking the fourth consecutive monthly decline.
  • The market cap of TetherUSD (USDT) rose by 1.61% to $114bn, continuing to record a new all-time high for the stablecoin with its eleventh consecutive monthly increase in market capitalisation.
  • In June, the market capitalisation of PYUSD rose 86.3% to $499mn, marking a new all-time high for the asset.
Download Report

More Featured Reports

Exchange Review
CoinDesk Data'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 12, 2025
Stablecoins & CBDCs Report
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 capitalisation, trading volumes, peg deviations, regulatory changes, and more.
  • February 28, 2025
MiCAR: The Institutional Playbook for Europe’s Digital Asset Market
This report from CoinDesk Data explores key trends shaping the European digital asset market and the harmonisation of crypto-asset policies across the EU with MiCAR.
  • February 27, 2025
Exchange Review
CoinDesk Data'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.
  • February 5, 2025

Subscribe to Our Newsletter

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