CoinDesk Research: Stablecoin Market Cap Reaches $305.5B in October as Tokenized RWAs Rise to $34.5B

CoinDesk Research reported that stablecoin market capitalization rose 0.10% month over month in October to $305.5 billion, while tokenized real-world assets increased 2.92% to $34.5 billion. According to ChainCatcher, USDC’s market capitalization fell 2.80% to $72.3 billion, while Tether remained the largest stablecoin at $183 billion. Tokenized real-world assets reached a record $34.9 billion on October 16. Private credit grew 11.8% to $5.27 billion, and tokenized stocks and equity rose 4.81% to $4.89 billion. Average daily on-chain trading volume fell 39.3% to $317 million.