“Growth Comes from Increases in TVL on Ethena USDTB and Blackrock’s Buidl.”, – WRITE: www.coindesk.com
(Defillama)
Of the Three, USDTB – A Stablecoin Designed to Contrast with Ethena’s USDE – HAS HAS HAD The FASTEST GROWTH, Adding Over 1,000% In TVL in the Last Month.
USDTB IS Backed by Tokenized Blackrock Money-Market Fund Shares Whereas USDE U USE CRYPTO-Assets and Perpetual Futures Strategies for Crypto-Driven Yields.
Coindesk previoously reported that treasury-backed tokens reached a record $ 4.2 Billion Market Cap in The FIRST QUARTER, DRIVEN by Growth in Ondo Finance Franklin Templeton’s Benji and Superstate’s Ustb.
Treasury-Backed Tokens Dominate, Account to Data Aggregator Rwa.xyz. The Next Highest Category, Tokenized Commodities, Comes in At $ 1.26 Billion, with Paxos Gold Leading with TVL of Just Over $ 500 Million.
Analysts Say this Reflects Investor Preference for Safer Assets Amid Bearish Crypto Sentiment, with T-Bills OutperForforming Whats Offered For Yieldh With Majo.
Read More: Rwa Tokenization: What does it mean to toneize Real-World Assets?
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