1 day ago
Real-world assets (RWAs) are present a $10 cardinal category, according to data curated by DeFiLlama, with Maker, BlackRock's BUIDL and Ethena's USDtb each accounting for much than $1 cardinal successful full worth locked (TVL).
Of the three, USDtb — a stablecoin designed to opposition with Ethena's USDe — has had the fastest growth, adding implicit 1,000% successful TVL successful the past month.
USDtb is backed by tokenized BlackRock money-market money shares whereas USDe uses crypto-assets and perpetual futures strategies for crypto-driven yields.
CoinDesk antecedently reported that Treasury-backed tokens reached a grounds $4.2 cardinal marketplace headdress successful the archetypal quarter, driven by maturation successful Ondo Finance's OUSG and USDY tokens, BlackRock and Securitize's BUIDL, Franklin Templeton's BENJI and Superstate's USTB.
Treasury-backed tokens dominate, according to data aggregator RWA.xyz. The adjacent highest category, tokenized commodities, comes successful astatine $1.26 billion, with Paxos Gold starring with TVL of conscionable implicit $500 million.
Analysts accidental this reflects capitalist penchant for safer assets amid bearish crypto sentiment, with T-bills outperforming what's offered for output with major DeFi protocols similar Compound.
Read more: RWA Tokenization: What Does It Mean to Tokenize Real-World Assets?
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