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.

  • May 29, 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.

  • May 29, 2024

Report Summary

In May, the total market capitalisation of stablecoins rose 0.63% to $161bn, recording the eighth consecutive increase in the end-of-month market cap to reach its highest level since April 2022.

  • Stablecoin trading volume fell 32.8% to $1.46tn in April, recording the first decline in monthly stablecoins trading volume on CEXs in seven months.
  • Stablecoin market dominance currently stands at 6.07%, down from 7.01% in April. This decline underscores a recovery in the prices of major crypto assets, reflecting improved market sentiment following the unexpected approval of a spot Ethereum ETF in the US.
  • In May, the market cap of TetherUSD (USDT) rose by 0.98% to $111bn, a new all-time high for the stablecoin.
Download Report

More Featured Reports

Exchange Benchmark - May 2026
We're pleased to share the findings from our May 2026 Exchange Benchmark, our bi-annual report that evaluates the risk associated with digital asset exchanges.
  • May 11, 2026
Read more
Stablecoins & Tokenized Assets Report April 2026
CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.
  • May 7, 2026
Read more
Exchange Review March 2026
Combined centralized crypto exchange volumes declined 6.53% to $5.26T, with spot trading dropping 15.7% to $1.27T.
  • April 10, 2026
Read more
Stablecoins & Tokenized Assets Report March 2026
CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.
  • March 31, 2026
Read more

Subscribe to Our Newsletter

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