Latest Fiat-Backed Stablecoins and Tokenized Treasuries Soar as Real-World Assets Gain Ground in DeFi in

Bitcoin The Real-World Asset (RWA) sector has exploded in growth over the last year, with stablecoins and tokenized treasuries at the tip of the spear.  CoinGecko’s 2024-2025 RWA Sector Analysis Report highlights in its key findings a surge in capital inflow, market adoption, and product innovation, as decentralized finance (DeFi) continues to bridge the gap with traditional finance (TradFi). Stablecoins Hit Record High as USDT and USDC Cement Market Dominance Stablecoins are still the bedrock of RWA tokenization, with the sector enjoying a most impressive growth spurt. From the very beginning of 2024 through April 2025, the market cap of fiat-backed stablecoins swelled by $97 billion — a 76% uptick — hitting an all-time high of $224.9 billion. This represented a stunning acceleration in the overall stablecoin trad-The space is dominated by Tether’s USDT and Circle’s USDC, which together account for 93.5% of the total stablecoin market. Leading the growth was USDT, with an infusion of $56.3 billion, while USDC followed closely behind, adding $37.6 billion to its market cap. Trust at the institutional level and the depth of their liquidity is what really keeps these two in the lead, even as newer challengers try to make their way into the market.Among the newly emerged players, the synthetic dollar from Ethena Labs, USDt, made an audacious entry, racking up a $1.4 billion market cap and vaulting to the fourth-largest stablecoin within just 12 months. The USD0 from Usual Money also cracked the top 10, landing in sixth place with a $600 million market cap. Even with these two impressive debuts, alternative stablecoins such as TUSD, USDB, and USDD—a collection of 10 minor players—held a steady and modest 3.3% market share.Interestingly, stablecoins created by longstanding financial institutions—like PayPal’s PYUSD and Société Générale’s EURCV—have performed below projection. The listless adoption of these supposedly safe instruments can be traced largely to the ongoing regulatory haze, which has yet to clear up.According to CoinGecko’s 2024-2025 RWA Sector Analysis Report: https://t.co/cGZqEVOLfn Stablecoin SectorMarket Size & Growth:-The market cap of fiat-backed stablecoins surged by +$97B (+76%) from 2024 to April 2025, reaching an all-time high of $224.9B.-USDT and USDC… pic.twitter.com/k41QSncltm — OKX Ventures (@OKX_Ventures) June 19, 2025 In their absence, the crypto world is, for now, mostly on its own. Tokenized Treasuries Surge 545% as Economic Fears Drive Demand Tokenized U.S. Treasury securities have become one of the fastest-growing risk-weighted asset verticals, reaching a market capitalization of an all-time high of $5.6 billion in April 2025. This momentous surge we pegged at a whopping 544.8% from early 2024, further reaffirming our faith in the rising institutional demand for yield-bearing, low-risk assets on the blockchain.In March and April of 2025, growth rapidly accelerated. There was a sharp inflow of capital precision in the box since March 2025, where things started to pick up, and by April, there was 2.3 billion more entering the market — government tokenized debt, really, but still a pretty substantial sum, I think most would agree.The trigger for this was an uptick in global economic uncertainty.  » …

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Carla Contass

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