Currently, the majority of real-world assets (RWA) are USD-pegged stablecoins.
The top three USD #stablecoins alone make up 95% of the market:
1. Tether ( $USDT) - $96.1B
2. USDC ( $USDC) - $26.8B
3. Dai ( $DAI) with $4.9B
#USDT continues to dominate the space, with a market share of 71.4%. Meanwhile, USDC which saw its market share plummet after its brief depegging during the #US banking crisis in March 2023, has failed to recover.
Stable #assets outside of USD-pegged stablecoins make up just 1% of the market.
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