CCData – Stablecoins and CBDCs, Jan 2025

The report by CCData "Stablecoins and CBDCs" explores the evolving dynamics in the stablecoin market and central bank digital currencies (CBDCs). The total market capitalization of the stablecoin sector increased by 5.68% to $215 billion, marking the sixteenth consecutive monthly rise. Stablecoins now represent 6.31% of the digital asset market as a result of value retracement post the inauguration of U.S. President Donald Trump. The report highlights the rise of RLUSD as a major player, becoming the fourth largest stablecoin by trading volume on centralized exchanges. A notable increase in stablecoin supply on the Solana network coincides with the launch of Trump's memecoin, $TRUMP, which boosted DEX trading activities.