Tokenized stocks hit a record $4.24B onchain.
New issuance drove the growth, just over 3 days since Sunday:
• $1.11B in new tokens minted
• $213M burned
• $898M in net new supply
Here's the daily breakdown:
Monday: +$271M in net supply, offset by a $150M price decline
Tuesday: +$428M in net supply, offset by a $245M price decline
Wednesday: +$199M in net supply, plus an $85M price gain.
xStocks ($562M) and Binance bStocks ($453M) accounted for 91% of all new minting.
As tokenized stock supply grows, so does the potential pool of onchain collateral. Eligible tokenized stocks can be used to mint USDf on Falcon Finance.
New issuance drove the growth, just over 3 days since Sunday:
• $1.11B in new tokens minted
• $213M burned
• $898M in net new supply
Here's the daily breakdown:
Monday: +$271M in net supply, offset by a $150M price decline
Tuesday: +$428M in net supply, offset by a $245M price decline
Wednesday: +$199M in net supply, plus an $85M price gain.
xStocks ($562M) and Binance bStocks ($453M) accounted for 91% of all new minting.
As tokenized stock supply grows, so does the potential pool of onchain collateral. Eligible tokenized stocks can be used to mint USDf on Falcon Finance.
