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Data: The tokenized U.S. Treasury market size is close to 2.4 billion dollars, and the scale of Ondo's stablecoin USDY is second only to BlackRock's BUIDL

Data: The tokenized U.S. Treasury market size is close to 2.4 billion dollars, and the scale of Ondo's stablecoin USDY is second only to BlackRock's BUIDL

Bitget2024/11/17 02:24
ONDO-3.96%

ChainCatcher reports that according to data from the RWA monitoring platform, RWA.xyz, as of November 15th, the tokenized US Treasury market is nearing $2.4 billion and currently stands at $2.38 billion.

BlackRock's BUIDL fund ranks first with a size of $541 million; Ondo Finance's yield-bearing treasury stablecoin USDY comes in second with a size of $452 million; Franklin Templeton's FOBXX fund ranks third with a size of $410 million.

Ondo Finance has a total TVL (tokenized US Treasury market cap) of approximately $653.57 million (including OUSG and USDY), ranking first among all protocols. In addition, the Ethereum chain’s US Treasury token market cap is about $1.6 billion, ranking first among all networks followed by Stellar (approximately $393 million).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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