Stablecoins & CBDCs Report - September 2025

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 capitalization, trading volumes, peg deviations, regulatory changes, and more.

  • September 24, 2025
Report cover

Stablecoins & CBDCs Report - September 2025

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 capitalization, trading volumes, peg deviations, regulatory changes, and more.

  • September 24, 2025

Report Summary

Stablecoin Market Hits $293B After 24 Months of Growth: Market cap reached $293B with 3.44% monthly growth, completing two years of continuous expansion.

USDT Grows to $172B But Loses Market Share: Tether expanded 2.46% over 25 consecutive months, though market share dropped to 58.8% as competitors gain ground.

Fed Rate Cuts to Cost $500M in Revenue: The 25bps rate cut will reduce annual revenue by $500M across top 5 stablecoins, with USDT losing $325M and USDC $160M.

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