Share this article
BTC
$103,567.66
+
0.26%ETH
$2,419.58
-
0.01%USDT
$1.0003
+
0.03%XRP
$2.1170
-
0.24%BNB
$635.03
-
1.09%SOL
$140.67
+
1.64%USDC
$1.0001
+
0.03%TRX
$0.2739
+
0.57%DOGE
$0.1606
-
0.70%ADA
$0.5755
-
0.20%HYPE
$33.06
-
3.55%WBT
$48.97
+
0.02%BCH
$475.62
-
1.73%SUI
$2.6390
-
2.55%LINK
$12.51
-
0.26%LEO
$8.9187
+
0.47%XLM
$0.2416
-
0.76%AVAX
$17.10
-
1.41%TON
$2.9000
-
1.28%SHIB
$0.0₄1117
-
1.13%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