Stablecoins & Tokenized Assets Report March 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.

  • March 31, 2026
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Stablecoins & Tokenized Assets Report March 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.

  • March 31, 2026

Report Summary

  • The total stablecoin market cap reached a new all-time high in March, rising 2.13% to $317B
  • The market capitalization of Sky Protocol's USDS surged 20.7% to $8.38B, a new all-time high for the stablecoin. 
  • The share of trading volume from non-crypto assets on Hyperliquid surged to a new all-time high of 47.0%, totalling $5.84B in volume.

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