Stablecoins & Tokenized Assets Report April 2026

CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.

  • May 7, 2026
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Stablecoins & Tokenized Assets Report April 2026

CoinDesk Data’s Stablecoins & Tokenized Assets Report captures the key developments across the stablecoins and tokenization landscape. Our review focuses on market capitalization and trading volume trends for stablecoins, segmented by collateral type and pegged asset, alongside coverage of tokenized real-world assets; including commodities, equities, and treasuries.

  • May 7, 2026

Report Summary

  • The stablecoin market cap reached a new all-time high in April, rising 1.63% to $321B.
  • Tether's market cap rose 3.10% to a record $190 billion, a $5.70 billion increase and its biggest absolute monthly gain in six months.
  • USDe fell 36.1% to $3.76 billion, its seventh consecutive monthly decline and its lowest market cap since October 2024.

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