After I reviewed the data, I thought about why the entire on-chain RWA market is around 330 billion.
If we remove 300 billion stablecoins, there’s about 30 billion left.
Of that 30+ billion, roughly 20 billion is gold and U.S. Treasury bonds.
In the remaining 10+ billion, credit plus active strategies add up to about 60–100B.
The rest includes mining tickets, CLOs, PE/VC, stock tokens, real estate, etc.—together totaling several tens of billions.
The question is: the RWA narrative has been going on for years—yet 95% is U.S. dollars and U.S. Treasury bonds. Looking back, the U.S. dollar is actually the best thing to sell.
#稳定币 #RWA #Treasury bond tokenization
If we remove 300 billion stablecoins, there’s about 30 billion left.
Of that 30+ billion, roughly 20 billion is gold and U.S. Treasury bonds.
In the remaining 10+ billion, credit plus active strategies add up to about 60–100B.
The rest includes mining tickets, CLOs, PE/VC, stock tokens, real estate, etc.—together totaling several tens of billions.
The question is: the RWA narrative has been going on for years—yet 95% is U.S. dollars and U.S. Treasury bonds. Looking back, the U.S. dollar is actually the best thing to sell.
#稳定币 #RWA #Treasury bond tokenization
