CCData – Stablecoins & CBDCs Report, Nov 2024

CCData's November 2024 report on stablecoins and central bank digital currencies (CBDCs) provides a comprehensive analysis of recent market developments. The report highlights that the total market capitalization of stablecoins reached $190 billion in November, marking a 9.94% increase and surpassing the previous all-time high recorded in April 2022. Monthly trading volumes for stablecoin pairs on centralized exchanges rose by 77.5% to $1.81 trillion as of November 25. Additionally, the market capitalization of Ethena Labs' synthetic stablecoin, USDe, increased by 42.2% to $3.86 billion, setting a new record.