CoinGecko released the RWA report: Tokenized sovereign debt products grew by 641% in 2023, and commodity tokens received attention

2024/03/20 09:31

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

On March 20th, CoinGecko released the 2024 RWA report with the following key points:
1. Stablecoins pegged to USD dominate fiat-backed assets:
- The top three USD stablecoins hold a market share of 95%.
- USDT leads with a market share of $961 billion, accounting for 71.4%, followed by USDC ($26.8 billion) and DAI ($4.9 billion).
- Non-USD stablecoins only occupy 1% of the market.
2. Attention on commodity tokens, with gold in a leading position:
- The market value of commodity-backed tokens reaches $11 billion, accounting for 0.8% of the market value of fiat-backed stablecoins.
- Tokenized precious metals like Tether Gold (XAUT) and PAX Gold (PAXG) make up 83% of the total market value.
3. Tokenized sovereign debt products grew by 641% in 2023:
- Tokenized US Treasury bonds surged from $114 million in 2023 to $845 million but slowed down to an increase of only 1.9% in January 2024, reaching $861 million.
- Franklin Templeton leads with token issuance worth $332 million, capturing over38.6%ofthe market share.
4.Automotive industry dominates private credit sector:
-The automotive industry accounts for42%(196millionUSD)ofallprivatecreditloans,totaling$470million
-Fintech and real estate industries each account for only19%and9%, respectively

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46