Stablecoin Depegging, Financial Intermediary Balance Sheet Constraints, and Liquidity in the U.S. Traditional Money Market
By end-2025, the global stablecoin market grew from approximately $25 billion in 2020 to over $300 billion.
USD Coin
Product · US · 2 documents
Key number
over $300 billion USD
Global Stablecoin Market Capitalization. OpenAlex (recherche mondiale) p.2
Macro-Financial Implications of Foreign Crypto Assets for Small Developing Economies
Total crypto asset market capitalization peaked at around $3 trillion in November 2021 before falling below $1 trillion.