All
Bond & MMF Funds
Gold & Commodities
Private Credit
Stocks & Equities
Crypto Funds
Real Estate
RWA Wrappers
ETFs
Carbon & Environment
Non-RWA Stablecoins
Governance Tokens
RWA Stablecoins
Fiat Stablecoins
Other RWAs
AllBond & MMF FundsGold & CommoditiesPrivate CreditStocks & EquitiesCrypto FundsReal EstateRWA WrappersETFsCarbon & EnvironmentNon-RWA StablecoinsGovernance TokensRWA StablecoinsFiat StablecoinsOther RWAs
All
Bond & MMF Funds
Gold & Commodities
Private Credit
Stocks & Equities
Crypto Funds
Real Estate
RWA Wrappers
ETFs
Carbon & Environment
Non-RWA Stablecoins
Governance Tokens
RWA Stablecoins
Fiat Stablecoins
Other RWAs
Total RWA Active Mcap$277.106b
Total RWA Onchain Mcap$280.238b
DeFi Active TVL$23.63b
Total Asset Issuers41
Assets Rankings
| Name | Asset Group | Platform | Category | Asset Class | Access Model | Type | RWA Classification | Issuer | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tether USDUSDT | $1 | Fiat Currencies | $184.172b | $187.523b | $8.818b | 4.78% | Tether | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Tether Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| USD CoinUSDC | $1 | Fiat Currencies | $76.053b | $76.093b | $13.544b | 17.80% | 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 | $4.655b | $4.655b | $59.22m | 1.27% | World Liberty Financial | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | World Liberty Financial, Inc. | Yes | Yes | Yes | Yes | Yes | Yes | |
| PayPal USDPYUSD | $1 | Fiat Currencies | $2.98b | $2.98b | $259.66m | 8.71% | PayPal | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | Yes | |
| Global DollarUSDG | $1 | Fiat Currencies | $2.566b | $2.566b | $272.98m | 10.63% | Paxos | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Digital Singapore Pte. Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Ripple USDRLUSD | $1 | Fiat Currencies | $1.819b | $1.819b | $217.81m | 11.97% | Ripple | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Standard Custody & Trust Company, LLC | Yes | Yes | Yes | Yes | Yes | ||
| United StablesU | $1 | Fiat Currencies | $919.58m | $919.58m | $5,346 | 0% | United Stables | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | United Stables (United Stables Holding (BVI)) | Yes | Yes | Yes | Yes | Yes | ||
| Brazilian DigitalBRZ | $0.2 | Fiat Currencies | $859.55m | $462.17m | $673,466 | 0.07% | Transfero | Fiat Stablecoins | Other Fiat Stable | Permissionless | Asset | RWA | Transfero | Yes | Yes | Yes | Yes | Yes | Yes | |
| A7A5A7A5 | $0.013 | Fiat Currencies | $584.16m | $584.16m | $39 | 0% | A7A5 | Fiat Stablecoins | Other Fiat Stable | Permissionless | Asset | Programmable Finance | Old Vector LLC | No | Yes | Yes | ||||
| TrueUSDTUSD | $1 | Fiat Currencies | $483.4m | $483.4m | $3.81m | 0.78% | TrueUSD | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Techteryx Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| Circle Euro CoinEURC | $1.16 | Fiat Currencies | $428.68m | $428.68m | $0 | 0% | Circle | Fiat Stablecoins | EUR Stable | Permissionless | Asset | RWA | Circle Internet Financial, LLC | Yes | Yes | Yes | Yes | Yes | ||
| M by M^0M | $1 | Fiat Currencies | $362.9m | $362.9m | $162.42m | 44.75% | M^0 | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | M^0 (federated Minters) | Yes | Yes | Yes | Yes | Yes | ||
| First Digital USDFDUSD | $1 | Fiat Currencies | $338.86m | $338.86m | $4.69m | 1.38% | First Digital | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | First Digital Trust Limited | Yes | Yes | Yes | Yes | Yes | Yes | |
| Agora DollarAUSD | $1 | Fiat Currencies | $141.09m | $141.09m | $51.67m | 36.62% | Agora | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Agora | Yes | Yes | Yes | Yes | Yes | Yes | |
| Frax USDfrxUSD | $1 | Fiat Currencies | $124.56m | $124.56m | $65.76m | 52.79% | Frax | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Frax Finance Protocol | Yes | Yes | Yes | Yes | Yes | Yes | |
| Phantom CashCASH | $1 | Fiat Currencies | $122.65m | $122.65m | $36.01m | 29.35% | Phantom | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Phantom | Yes | Yes | Yes | Yes | Yes | ||
| MNEE USDMNEE | Fiat Currencies | $101.24m | $101.24m | $0 | 0% | MNEE | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | MNEE | Yes | Yes | Yes | Yes | Yes | Yes | ||
| EUR CoinVertibleEURCV | $1.16 | Fiat Currencies | $93.93m | $93.93m | $48.81m | 51.96% | SG-FORGE | Fiat Stablecoins | EUR Stable | Permissioned | Asset | RWA | Société Générale-FORGE (SG-FORGE) | Yes | No | Yes | Yes | Yes | Yes | |
| Eurite Euro TokenEURI | $1.16 | Fiat Currencies | $57.6m | $57.6m | $34,152 | 0.05% | Eurite | Fiat Stablecoins | EUR Stable | Permissionless | Asset | RWA | Banking Circle S.A. | Yes | Yes | Yes | Yes | Yes | Yes | |
| StraitsX USDXUSD | $1 | Fiat Currencies | $57.2m | $57.2m | $12,405 | 0.02% | StraitsX | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | StraitsX USD Issuance Pte. Ltd. | Yes | Yes | Yes | Yes | Yes | Yes | |
| USDH StablecoinUSDH | $1 | Fiat Currencies | $54.67m | $54.67m | $886,058 | 1.62% | Native Markets | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Bridge Building Inc. (Native Markets) | Yes | No | Yes | Yes | Yes | ||
| USDonUSDon | $1 | Fiat Currencies | $52.56m | $52.56m | $3,431 | 0% | Ondo | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Ondo Global Markets (BVI) Limited | Yes | Yes | Yes | Yes | Yes | ||
| Binance USDBUSD | $1 | Fiat Currencies | $40.24m | $40.24m | $328,757 | 0.81% | Paxos | Fiat Stablecoins | USD Stable | Permissionless | Asset | RWA | Paxos Trust Company, LLC (for Binance) | Yes | Yes | Yes | Yes | Yes | Yes | |