Real world assets (RWAS) are now a category of $ 10 billion, according to data organized by Defillama, with Maker, Blackrock’s Buidl and USDTB of Ethena, each representing more than $ 1 billion of total locked value (TVL).
Of the three, the USDTB – A stablecoin designed to contrast with the USDE of Ethena – experienced the fastest growth, adding more than 1,000% in TVL last month.
The USDTB is supported by actions of market funds for blackrock tokenized money while the USDE uses crypto assets and perpetual term strategies for crypto yields.
Coindesk previously pointed out that the tokens supported by the Treasury had reached a record market capitalization of $ 4.2 billion in the first quarter, driven by the growth of the Ousg and the USD tokens of Ondo, Benji and USTB of Blackrock and USTB of Franklin Templeton and superstate.
The tokens supported by the Treasury dominate, according to the data aggregator Rwa.xyz. The next highest category, tokenized products, is available at $ 1.26 billion, with Paxos Gold leading with TVL of just over $ 500 million.
Analysts claim that this reflects the preference of investors for safer assets in the midst of the bearish cryptographic feeling, with large outperforming what is proposed for yield with major deffi protocols like the compound.
Read more: Tokenization Rwa: What does it mean to tokenize active real world?
