Real-World Asset and Stablecoin Overview
Institutions tokenize stocks, offer 24/7 settlement, deploy programmable cash, launch payment rails, and more, on the liquid, open, and resilient ecosystem of Ethereum and its L2s
Ethereum as Financial Market Infrastructure
Ethereum hosts the largest, most connected stablecoin ecosystem for payments, treasury, and settlement: plugging straight into wallets, exchanges, and DeFi
- Depth
Ethereum mainnet hosts the majority of all onchain stablecoins
- Scale
Ethereum's Layer 2s add low-fee rails for retail and high-frequency flows
- Cash-like settlement
24/7 dollar-denominated settlement at internet speed
- Compliance
Programmable settlement for compliance, disclosures, and auditability
- Onchain yield
Access familiar instruments, like T-bills and short-duration products
Stablecoins on Ethereum
Total stablecoin market cap on Ethereum L1: $177B
USDT
By Tether
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USDC
By Circle
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USDE
By Ethena
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DAI
By MakerDAO
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USDS
By Sky
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PYUSD
By PayPal
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USDtb
By Ethena, Blackrock, & Securitize
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FDUSD
By First Digital
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(opens in a new tab)Real-World Assets (RWAs) on Ethereum
Total RWA sector on Ethereum L1: $11.8B
Tokenized Treasuries & Cash-Equivalents
$5.33B
sector on Ethereum + L2sBUIDL
$1.58B (opens in a new tab)BlackRock USD Institutional Digital Liquidity Fund
By BlackRock & Securitize
Private Credit & Structured Credit
$4.04B
sector on Ethereum + L2sWhy Ethereum for Financial Market Infrastructure
Credible settlement, global reach. Ethereum pairs a maximally-neutral L1 settlement layer with L2 execution environments that deliver scale and cost efficiency, so institutions can move cash-like value and short-duration assets with auditability and programmatic controls.