Stablecoins & CBDCs Report - January 2025

CoinDesk Data's Stablecoins & CBDCs Report provides readers with a comprehensive analysis of the latest developments surrounding stablecoins and CBDCs, featuring data-driven insights into market capitalisation, trading volumes, peg deviations, regulatory changes, and more.

• In January, the total market capitalisation of the stablecoin sector rose 5.68% to $215bn, recording the sixteenth consecutive increase in end-of-month market capitalisation.
• The market cap dominance of stablecoins rose to 6.31% as digital assets retraced in value following the inauguration of U.S. President Donald Trump.
• The market capitalisation of USDT rose by 1.38% to $140bn, reaching a new all-time high for end-of-month market capitalisation.