All
Bond & MMF Funds
Gold & Commodities
Private Credit
Stocks & Equities
Crypto Funds
Real Estate
ETFs
RWA Wrappers
Carbon & Environment
Non-RWA Stablecoins
Governance Tokens
RWA Stablecoins
Fiat Stablecoins
Other RWAs
AllBond & MMF FundsGold & CommoditiesPrivate CreditStocks & EquitiesCrypto FundsReal EstateETFsRWA WrappersCarbon & EnvironmentNon-RWA StablecoinsGovernance TokensRWA StablecoinsFiat StablecoinsOther RWAs
All
Bond & MMF Funds
Gold & Commodities
Private Credit
Stocks & Equities
Crypto Funds
Real Estate
ETFs
RWA Wrappers
Carbon & Environment
Non-RWA Stablecoins
Governance Tokens
RWA Stablecoins
Fiat Stablecoins
Other RWAs
Total RWA Active Mcap$273.342b
Total RWA Onchain Mcap$277.232b
DeFi Active TVL$22.103b
Total Asset Issuers41
Assets Rankings
| Name | Asset Group | Platform | Category | Asset Class | Access Model | Type | RWA Classification | Issuer | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tether USDUSDT | $1 | Fiat Currencies | $182.269b | $186.118b | $8.525b | 4.67% | Tether | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Tether Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| USD CoinUSDC | $1 | Fiat Currencies | $74.434b | $74.472b | $12.362b | 16.60% | Circle | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Circle Internet Financial, LLC | Yes | Yes | Yes | Yes | Yes | Yes | |
| World Liberty Financial USDUSD1 | $1 | Fiat Currencies | $4.85b | $4.85b | $56.27m | 1.16% | World Liberty Financial | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | World Liberty Financial, Inc. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Global DollarUSDG | $1 | Fiat Currencies | $2.76b | $2.76b | $37.51m | 1.35% | Paxos | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Digital Singapore Pte. Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| PayPal USDPYUSD | $1 | Fiat Currencies | $2.732b | $2.732b | $475.53m | 17.40% | PayPal | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | Yes | |
| Ripple USDRLUSD | $1 | Fiat Currencies | $1.621b | $1.621b | $193.38m | 11.93% | Ripple | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Standard Custody & Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | ||
| United StablesU | $1 | Fiat Currencies | $1.013b | $1.013b | $5,341 | 0% | United Stables | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | United Stables (United Stables Holding (BVI)) | Yes | Yes | Yes | Yes | Yes | ||
| A7A5A7A5 | $0.013 | Fiat Currencies | $576.59m | $576.59m | $36 | 0% | A7A5 | Fiat Stablecoins | Other Fiat Stable | Permissionless | Asset | Programmable Finance | Old Vector LLC | No | Yes | Yes | ||||
| TrueUSDTUSD | $1 | Fiat Currencies | $483.87m | $483.87m | $4.09m | 0.84% | TrueUSD | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Techteryx Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Brazilian DigitalBRZ | $0.19 | Fiat Currencies | $438.35m | $438.35m | $632,185 | 0.14% | Transfero | Fiat Stablecoins | Other Fiat Stable | Permissionless | Asset | RWA | Transfero | Yes | Yes | Yes | Yes | Yes | Yes | |
| Circle Euro CoinEURC | $1.13 | Fiat Currencies | $435.73m | $435.73m | $0 | 0% | Circle | Fiat Stablecoins | EUR Stable | Permissionless | Asset | RWA | Circle Internet Financial, LLC | Yes | Yes | Yes | Yes | Yes | ||
| First Digital USDFDUSD | $1 | Fiat Currencies | $351.6m | $351.6m | $7.74m | 2.20% | First Digital | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | First Digital Trust Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| M by M^0M | $1 | Fiat Currencies | $331.03m | $331.03m | $116.08m | 35.06% | M^0 | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | M^0 (federated Minters) | Yes | Yes | Yes | Yes | Yes | ||
| Agora DollarAUSD | $1 | Fiat Currencies | $181.14m | $181.14m | $81.85m | 45.18% | Agora | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Agora | Yes | Yes | Yes | Yes | Yes | Yes | |
| Phantom CashCASH | $1 | Fiat Currencies | $120.16m | $120.16m | $26.7m | 22.22% | Phantom | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Phantom | Yes | Yes | Yes | Yes | Yes | ||
| Frax USDfrxUSD | $1 | Fiat Currencies | $113.37m | $113.37m | $60.54m | 53.39% | Frax | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Frax Finance Protocol | Yes | Yes | Yes | Yes | Yes | Yes | |
| MNEE USDMNEE | Fiat Currencies | $104.97m | $104.97m | $0 | 0% | MNEE | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | MNEE | Yes | Yes | Yes | Yes | Yes | Yes | ||
| EUR CoinVertibleEURCV | $1.14 | Fiat Currencies | $104.61m | $104.61m | $70.64m | 67.52% | SG-FORGE | Fiat Stablecoins | EUR Stable | Permissioned | Asset | RWA | Société Générale-FORGE (SG-FORGE) | Yes | No | Yes | Yes | Yes | Yes | |
| USDonUSDon | $1 | Fiat Currencies | $86.29m | $86.29m | $3,495 | 0% | Ondo | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Ondo Global Markets (BVI) Limited | Yes | Yes | Yes | Yes | Yes | ||
| Eurite Euro TokenEURI | $1.14 | Fiat Currencies | $56.53m | $56.53m | $49,506 | 0.08% | Eurite | Fiat Stablecoins | EUR Stable | Permissionless | Asset | RWA | Banking Circle S.A. | Yes | Yes | Yes | Yes | Yes | Yes | |
| StraitsX USDXUSD | $1 | Fiat Currencies | $46.55m | $46.55m | $12,275 | 0.02% | StraitsX | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | StraitsX USD Issuance Pte. Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Binance USDBUSD | $1 | Fiat Currencies | $40.26m | $40.26m | $408,479 | 1.01% | Paxos | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Trust Company, LLC (for Binance) | Yes | Yes | Yes | Yes | Yes | Yes | |
| Gemini DollarGUSD | $1 | Fiat Currencies | $39.31m | $39.31m | $553,830 | 1.40% | Gemini | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Gemini Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | Yes | |