Treasury-backed dollar tokens
Treasury-backed tokens hold short-dated government paper rather than bank deposits, which removes uninsured deposit risk but adds fund and custodian structure. This is the largest and fastest-growing collateral bucket.
How this list is built. Assets whose disclosed reserves are primarily Treasury bills, notes or repo. Data refreshes continuously from on-chain supply and our issuer register.
Columns
| $71.95B | $0.9997 | −0.51% | 8.02% | 91 | |
| $4.01B | $0.9992 | −0.41% | 8.73% | 79 | |
| $3.55B | $1.0000 | +0.48% | — | 66 | |
| $3.40B | $1.0000 | −0.22% | 4.96% | 92 | |
| $2.98B | $1.0000 | −0.81% | — | 66 | |
| $2.74B | $1.0000 | +1.20% | 3.60% | 96 | |
| $2.74B | $0.9999 | −1.55% | 6.84% | 94 | |
| $2.52B | $1.0000 | −0.19% | — | 66 | |
| $2.46B | $1.0000 | +3.06% | — | 66 | |
| $2.14B | $1.1392 | +0.08% | 3.55% | 88 | |
| $1.76B | $1.0003 | +13.28% | 4.99%* | 91 | |
| $1.64B | $1.0000 | +0.45% | — | 65 | |
| $956.83M | $1.0000 | −0.27% | — | 65 | |
| $945.73M | $1.0000 | −0.26% | — | 65 | |
| $872.28M | $1.0000 | +0.07% | — | 65 | |
| $775.73M | $1.0000 | −0.00% | — | 65 | |
| $764.67M | $1.0000 | −2.72% | — | 65 | |
| $568.37M | $1.0000 | +5.85% | — | 64 | |
| $382.92M | $1.0000 | +2.53% | — | 64 | |
| $357.67M | $1.0000 | +1.53% | — | 64 | |
| $289.09M | $1.0000 | +6.70% | — | 63 | |
| $269.38M | $1.0000 | +5.44% | — | 63 | |
| $262.28M | $1.0000 | +0.23% | — | 63 | |
| $253.16M | $1.0000 | −0.85% | — | 63 | |
| $193.33M | $1.0000 | +0.07% | — | 63 | |
| $173.44M | $1.0000 | +9.00% | — | 63 | |
| $155.06M | $1.0000 | +0.49% | — | 63 | |
| $131.37M | $1.0000 | +0.17% | — | 62 | |
| $128.59M | $1.0000 | −2.18% | — | 62 | |
| $119.28M | $1.0000 | +0.59% | — | 62 | |
| $115.02M | $1.0000 | −1.48% | — | 62 | |
| $114.92M | $1.0000 | −0.27% | — | 62 | |
| $110.66M | $1.0000 | −1.49% | — | 62 | |
| $110.19M | $1.0000 | +0.16% | — | 62 | |
| $102.99M | $1.0000 | +0.03% | — | 62 | |
| $100.13M | $1.0000 | +0.03% | — | 62 | |
| $95.32M | $1.0000 | +0.38% | — | 62 | |
| $92.72M | $1.0000 | −0.13% | — | 62 | |
| $73.60M | $1.0000 | −4.52% | — | 62 | |
| $66.10M | $1.0000 | −0.73% | — | 61 | |
| $63.52M | $1.0000 | +0.07% | — | 61 | |
| $62.87M | $1.0000 | +0.96% | — | 61 | |
| $51.27M | $1.0000 | +0.02% | — | 61 | |
| $42.39M | $1.0000 | +0.05% | — | 61 | |
| $42.37M | $1.0000 | +0.17% | — | 61 | |
| $41.28M | $1.0000 | +0.01% | — | 61 | |
| $29.17M | $0.9995 | −8.66% | — | 93 |
Column definitions:Peg deviationLiquidity (market depth)Market cap (circulating supply)Safety scoreAPY (annual percentage yield)Full glossary
Frequently asked
+ − Is a tokenised Treasury fund the same as a stablecoin?
No. A tokenised fund gives you a share in a fund that holds Treasuries, usually with eligibility rules and a NAV that accrues. A stablecoin is a claim on the issuer at par.