In the 2024 RWA report released by CoinGecko and sourced from ChainCatcher, it has been revealed that most real-world assets (RWA) in the cryptocurrency world are currently stablecoins pegged to the US dollar. The top three USD-pegged stablecoins reportedly account for a remarkable 95% of the market share. Tether (USDT), with a market cap of $96.1 billion, retains a strong lead, comprising 71.4% of the market share.
The report also highlights that stable assets other than those pegged to the dollar constitute only 1% of the market. This minor segment includes Euro Tether (EURT), Offshore Chinese Yuan Tether (CNHT), Mexican Peso Tether (MXNT), Euro Dollar (EURD), StasisEuro (EURS), and TRYB.
The stablecoin market cap skyrocketed from $5.2 billion at the start of 2020 to an all-time high of $150.1 billion in March 2022. Despite a subsequent decline during the bear market, it experienced a marginal rise of 4.9% in 2024, moving from $128.2 billion at the year's beginning to $134.6 billion by February 1.
