Real-World Asset News: RWA's Cross $10 Billion Mark in Total Value Locked: DeFiLlama

Real-world assets (RWAs) are now a $10 billion category, according to data curated by DeFiLlama, with Maker, BlackRock's BUIDL and Ethena's USDtb each accounting for more than $1 billion in total value locked (TVL). Of the three, USDtb — a stablecoin designed to contrast with Ethena's USDe — has had the fastest growth, adding over 1,000% in TVL in the last month. USDtb is backed by tokenized BlackRock money-market fund shares whereas USDe uses crypto-assets and perpetual futures strategies for crypto-driven yields. CoinDesk previously reported that Treasury-backed tokens reached a...