According to CCData’s latest Stablecoins & CBDCs report, USDT’s market capitalization has risen 2.03% in April to $81.5 billion, near its $83.7 billion all-time high seen in May of last year. 

CCData’s report also details that the total market capitalization of the stablecoin sector dropped by 1.08% to $131 billion in April, marking its lowest level since September 2021.

The decline came amid a 13.6% drop in trading volumes to $775 billion in March, driven by multiple stablecoins depegging during that month. April’s trading volume was only $365 billion as of April 23.