CCData recently released the June 2023 Stablecoins & CBDCs Report, a state of affairs of major fiat currency stablecoins and central bank digital currencies (CBDCs).
The picture that emerges is not particularly good.
The stablecoin market
The first data point to emerge is the continued decline in the stablecoin market.
In fact, in June the total market capitalization of stablecoins fell by 0.57%, to $128 billion (on 19 June). This is the lowest stablecoin market capitalization since September 2021, after as many as 15 consecutive months of decline.
However at the same time the dominance of stablecoins over the overall crypto market capitalization has risen to 11.8%, so the underlying problem is not related to stablecoins.
In other words, it is the crypto market as a whole that is retreating from the highs of November 2021, with the market capitalization of stablecoins simply declining much less.
Despite this, the market capitalization of USDT (Tether) has reached a new a
We współpracy z: https://en.cryptonomist.ch/2023/06/25/cbdc-stablecoins-problems-with-banks/
