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.

  • October 31, 2024
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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.

  • October 31, 2024

Report Summary

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 October, the total market capitalisation of stablecoins increased by 0.05% to reach $173bn, marking the thirteenth consecutive monthly rise.
  • TetherUSD (USDT) reached a record high with a market cap increase of 0.57% to $120bn, marking its fourteenth consecutive monthly gain and securing a 69.6% market dominance.
  • In October, the market capitalisation of Maker DAO’s new stablecoin, Sky Dollar (USDS) rose 66.0% to $1.02bn, making it the 16th stablecoin to surpass the $1bn landmark.

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