According to ChainCatcher, CoinGecko released the 2024 RWA report. The report shows that most real-world assets (RWA) are currently stablecoins pegged to the US dollar, of which the top three US dollar stablecoins account for 95% of the market share. Tether (USDT) has a market value of US$96.1 billion, accounting for 71.4% of the market share, and continues to dominate.
The report also pointed out that stable assets other than dollar-pegged stablecoins only account for 1% of the market, including Euro Tether (EURT), Offshore Chinese Yuan Tether (CNHT), Mexican Peso Tether (MXNT), Euro Dollar (EURC), StasisEuro (EURS) and TRYB, etc.
The market capitalization of stablecoins surged from $5.2 billion at the beginning of 2020 to a peak of $150.1 billion in March 2022, before gradually declining throughout the bear market. However, its market capitalization increased by 4.9% in 2024, from $128.2 billion at the beginning of the year to $134.6 billion on February 1.
