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.

• In November, the total market capitalisation of the stablecoin sector surged 9.94% to $190bn, recording the fourteenth consecutive increase in the end-of-month market cap and surpassing the previous all-time high recorded in April 2022.
• The monthly trading volume for stablecoins trading pairs on centralised exchanges rose 77.5% to $1.81tn as of the 25th. 
• The market capitalisation of Ethena Labs’ USDe rose by 42.2% to $3.86bn in November, recording a new all-time high for the synthetic stablecoin.

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