Protocol Information
Tangible is a tokenization protocol that brings valuable, real world assets on chain. Tangible issues the stablecoin USTB (backed by T-bills via Mountain Protocol) as well as Baskets i.e. UKRE, ERC-20's backed by a basket of tokenized (NFTs) yield-generating properties.
Sub Category: Treasury Bills
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Tangible USTB history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jun 20, 2024 to Oct 27, 2026.
All-time high TVL: $2.71m on Aug 13, 2024. All-time low TVL: $2,601 on Oct 22, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $2,889 |
| Sep 29, 2026 | $2,888 |
| Sep 30, 2026 | $2,899 |
| Oct 1, 2026 | $2,898 |
| Oct 2, 2026 | $2,900 |
| Oct 3, 2026 | $2,899 |
| Oct 4, 2026 | $2,893 |
| Oct 5, 2026 | $0 |
| Oct 6, 2026 | $0 |
| Oct 7, 2026 | $0 |
| Oct 8, 2026 | $2,889 |
| Oct 9, 2026 | $2,888 |
| Oct 10, 2026 | $2,889 |
| Oct 11, 2026 | $0 |
| Oct 12, 2026 | $0 |
| Oct 13, 2026 | $2,899 |
| Oct 14, 2026 | $2,895 |
| Oct 15, 2026 | $2,893 |
| Oct 16, 2026 | $2,874 |
| Oct 17, 2026 | $2,902 |
| Oct 18, 2026 | $2,875 |
| Oct 19, 2026 | $2,874 |
| Oct 20, 2026 | $2,898 |
| Oct 21, 2026 | $0 |
| Oct 22, 2026 | $0 |
| Oct 23, 2026 | $0 |
| Oct 24, 2026 | $0 |
| Oct 25, 2026 | $2,897 |
| Oct 26, 2026 | $2,896 |
| Oct 27, 2026 | $2,887 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $110,144 |
| Dec 31, 2024 | $110,444 |
| Jan 31, 2025 | $145,952 |
| Feb 28, 2025 | $74,141 |
| Mar 31, 2025 | $55,625 |
| Apr 30, 2025 | $35,835 |
| May 31, 2025 | $35,367 |
| Jun 30, 2025 | $35,110 |
| Jul 31, 2025 | $2,889 |
| Aug 31, 2025 | $2,887 |
| Sep 30, 2025 | $2,885 |
| Oct 31, 2025 | $2,891 |
| Nov 30, 2025 | $2,900 |
| Dec 31, 2025 | $0 |
| Jan 31, 2026 | $2,859 |
| Feb 28, 2026 | $2,899 |
| Mar 31, 2026 | $2,891 |
| Apr 30, 2026 | $2,900 |
| May 31, 2026 | $2,881 |
| Jun 30, 2026 | $2,897 |
| Jul 31, 2026 | $2,888 |
| Aug 31, 2026 | $2,896 |
| Sep 30, 2026 | $2,899 |
| Oct 27, 2026 (latest) | $2,887 |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $110,444 |
| Dec 31, 2025 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/tangible-ustb
Frequently asked questions
What is Tangible USTB's TVL?
As of Oct 27, 2026, Tangible USTB has $2,888 in total value locked. TVL has decreased 0.4% over the past 30 days.
What chains does Tangible USTB operate on?
Tangible USTB operates on Ethereum. Ethereum holds the largest share at 100%.
How does Tangible USTB's TVL compare to similar protocols?
Among RWA protocols tracked by DefiLlama, Tangible USTB ranks #90 by TVL. The category holds $4.101b across 176 protocols, and Tangible USTB accounts for <0.1% of that total. Similar protocols include Ethena USDtb, Re, Huma, Anemoy Capital, OpenTrade, Plume Vaults, Theo Network thUSD, Frax USD, Ember, and Usual USD0.