Share this article
BTC
$103,960.14
-
1.92%ETH
$2,443.63
-
4.22%USDT
$1.0002
+
0.00%XRP
$2.1409
-
1.53%BNB
$642.39
-
0.79%SOL
$142.18
-
3.53%USDC
$1.0001
+
0.00%TRX
$0.2746
-
0.06%DOGE
$0.1634
-
4.62%ADA
$0.5847
-
2.99%HYPE
$35.24
-
5.64%WBT
$49.08
-
0.80%BCH
$472.50
-
3.12%SUI
$2.7319
-
3.84%LINK
$12.69
-
3.82%LEO
$8.9183
+
0.28%XLM
$0.2445
-
2.43%AVAX
$17.61
-
3.79%TON
$2.9670
-
0.79%SHIB
$0.0₄1140
-
3.50%Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Stablecoins & CBDCs Report - March 2025
CoinDesk Data's Stablecoins & CBDCs Report explores the latest stablecoin developments, regulatory shifts, and market dynamics through a data-driven analysis.

What to know:
We are delighted to share the latest edition of our monthly Stablecoins & CBDCs report. This report provides readers with a comprehensive analysis of the latest development and regulatory changes surrounding stablecoins and CBDCs, as well as data-driven analysis into stablecoin market capitalisations, trading volumes, peg deviations, and more.
- Stablecoins Market Cap Rises For Eighteenth Consecutive Month: The total market capitalisation of stablecoins rose 3.62% to $231bn, recording the eighteenth consecutive increase in end-of-month market capitalisation. Stablecoins market cap dominance rose to 8.02% as digital assets continue to show volatile price action in the midst of macroeconomic uncertainty.
- USDtb Enters Top 10 Stablecoins by Market Cap: In March, the market capitalization of USDtb, the synthetic stablecoin backed by BUIDL surged by 1,219% to $1.18bn, making it the 8th largest stablecoin by market capitalization. The increase in market capitalization coincides with Ethena Labs’ announcement of Converge – an EVM compatible blockchain focusing on tokenized assets.
- Gold Stablecoins Reach New All-time Highs: With the price of gold surpassing $3,000, gold pegged stablecoins saw their market capitalization increase by 7.53% to $1.40bn – recording a new all-time high for the category. Tether Gold and Pax Gold continues to dominate the asset class with market capitalizations totaling $749bn and $653bn respectively.
Download Report
CoinDesk Data
Market-leading digital asset data, providing an unrivaled level of insight and analysis to meet the demands of institutional-grade users.

Top Stories