Golden Finance reported that CoinGecko released its 2024 RWA report. Currently, longest real-world assets (RWAs) are stablecoins pegged to the US dollar, the report said. The top three USD stablecoins alone account for 95% of the market share, with Tether (USDT) having a market capitalization of $96.1 billion, USDC (USDC) market capitalization of $26.8 billion, and Dai (DAI) market capitalization of $4.9 billion.

USDT continues to dominate with a market share of 71.4%. At the same time, after a brief depeg during the U.S. banking crisis in March 2023, USDC's market share big dumped and has not yet recovered.
Stable assets other than dollar-pegged stablecoins account for only 1% of the market. These assets include other fiat coins such as Euro Tether (EURT), offshore Renbi Coin Tether (CNHT), Mexican Peso Tether (MXNT), Euro against US Dollar (EURC), StasisEuro (EURS) and Billera (TRYB).
The market capitalization of stable assets soared from $5.2 billion in early 2020 to a peak of $150.1 billion in March 2022, before gradually declining throughout the Bear Market. However, its market capitalization rises by 4.9% in 2024, from $128.2 billion at the start of the year to $134.6 billion on February 1.