We are delighted to announce the release of CryptoCompare’s latest Stablecoins & CBDCs Report!

Stablecoins have grown to become a prominent subsector of the digital asset industry, growing significantly in size and interest over the last few years. In this report, we provide insight into the latest developments in the stablecoin and CBDC sector, focusing on analysis that relates to market capitalization, trading volume, and stablecoins, segmented by their type based on collateral, type of pegged asset, and more.

Key takeaways:

• In February, the total market capitalisation of stablecoins fell 0.68% to $136bn (up to 20th February), the lowest stablecoins market cap since September 2021 and the eleventh consecutive month of decline.
• The market capitalisation of BUSD, which is the third largest stablecoin, has fallen 15.8% to $13.2bn since the Paxos announcement.
• USDT's stablecoin dominance increased from 48.7% to 51.7% in February - its highest market share since October 2021.