In September, the total market capitalisation of stablecoins rose 1.50%to $172bn, recording the twelfth consecutive monthly increase in market capitalisation.

• Stablecoin market dominance is currently at 7.55%, falling from 8.04%in August. This is the first decline in four months for stablecoin dominance.
• Stablecoin trading volume fell 39.4% to $683bn in September as of the 23rd. Trading volumes are on track torecord their first decline in three months on centralised exchanges.