Backed Tokens
0.24%
0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
20 USDE 20Ethena USDe | $0.9999 | 0.01% | −0.01% | −0.00% | $4.34 B | $4.34 B | $84.59 M | |||
39 PAXG 39PAX Gold | $4,434.63 | −0.86% | −0.53% | 6.94% | $1.92 B | $1.92 B | $74.88 M | |||
289 MSTRX 289MicroStrategy xStock | $142.16 | 0.15% | 11.74% | 45.88% | $72.17 M | $192.96 M | $2.85 M | |||
344 SPYX 344SP500 xStock | $774.67 | −0.32% | 0.02% | −0.31% | $55.64 M | $206.59 M | $4.77 M | |||
444 YUSD 444Aegis YUSD | $0.9997 | 0.02% | 0.65% | 0.12% | $40.65 M | $40.65 M | $42,000.00 | |||
939 EUROP 939Schuman EURØP | $1.16 | −0.06% | 0.09% | 0.49% | $13.95 M | $9.22 M | $54,180.51 | |||
981 AAPLX 981Apple xStock | $321.91 | −1.71% | −0.08% | 2.83% | $12.78 M | $205.06 M | $2.71 M | |||
1052 KYSOL 1052Kyros Restaked SOL | $133.10 | −1.41% | −0.59% | 39.44% | $11.40 M | $11.40 M | $13.09 | |||
1172 AllBTC 1172Osmosis allBTC | $79,630.00 | −1.75% | 2.65% | 23.78% | $9.00 M | $9.00 M | $718,176.00 | |||
1285 MAUSDC 1285Matic Aave Interest Bearing USDC | $1.28 | 0.00% | 4.92% | 10.34% | $7.34 M | $7.34 M | $110.46 | |||
1378 VDOGE 1378Venus DOGE | $0.001752 | −1.88% | 2.08% | 23.22% | $6.30 M | $6.68 M | $0.00 | |||
1380 RE7WETH 1380Re7 WETH | $2,576.49 | −2.57% | 0.99% | 31.83% | $6.27 M | $6.27 M | $0.00 | |||
1923 FLRETH 1923Flare Staked Ether | $2,747.48 | 0.85% | 2.92% | 36.18% | $2.59 M | $2.59 M | $3,221.58 | |||
1957 SLINK 1957sLINK | $11.50 | 0.08% | 39.95% | 39.95% | $2.50 M | $2.50 M | $1,261.94 | |||
1993 XSUSHI 1993xSUSHI | $0.3078 | −1.47% | 4.68% | 25.20% | $2.40 M | $18.80 M | $3,487.85 | |||
2055 SOL 2055Osmosis allSOL | $102.50 | −1.34% | −0.55% | 39.22% | $2.18 M | $2.18 M | $1,137.32 | |||
2070 CBAT 2070cBAT | $0.001483 | 1.04% | 5.94% | 6.73% | $2.14 M | $88.27 M | $0.00 | |||
2198 FLETH 2198flETH | $2,460.03 | −2.47% | 1.34% | 31.39% | $1.81 M | $1.81 M | $21,013.00 | |||
2355 RAI 2355Rai Reflex Index | $2.90 | −3.39% | 5.56% | 28.38% | $1.53 M | $1.50 M | $2,676.69 | |||
2499 CUNI 2499cUNI | $0.1309 | 0.87% | 46.14% | 57.31% | $1.27 M | $1.27 M | $0.00 | |||
2570 ETH 2570Osmosis allETH | $2,458.03 | −2.53% | 1.06% | 30.92% | $1.17 M | $1.17 M | $69,461.00 | |||
2926 UUSDC 2926Universal USDC | $2.09 | 0.00% | 0.00% | 0.00% | $755,762.80 | $755,762.80 | $0.00 | |||
3106 USDT 3106Osmosis allUSDT | $1.00 | 0.01% | 0.00% | −0.20% | $623,296.82 | $623,296.82 | $17,463.47 | |||
3304 HWHLP 3304Hyperwave HLP | $1.13 | 0.00% | −0.88% | 0.00% | $510,974.97 | $510,974.97 | $11.92 | |||
3341 PBTC 3341pTokens BTC [OLD] | $62,491.76 | −7.19% | −3.55% | 172.90% | $492,135.35 | $492,135.35 | $77.84 | |||
3729 BOLD 3729Liquity BOLD | $0.9995 | 11.96% | 10.79% | 10.65% | $335,169.85 | $335,169.85 | $34.23 | |||
3811 CASH 3811Opus CASH | $0.9985 | 2.35% | 0.41% | 41354.43% | $308,746.58 | $125.53 M | $9,190.98 | |||
4001 CZRX 4001c0x | $0.002162 | 1.96% | 8.38% | 30.86% | $265,412.99 | $265,412.99 | $0.00 | |||
4530 OS 4530Origin Sonic | $0.0299 | 2.11% | −2.84% | 33.16% | $173,960.11 | $173,960.11 | $548.23 | |||
4578 USDFC 4578USDFC | $1.07 | −0.09% | 7.89% | 6.67% | $167,897.12 | $167,897.12 | $1,624.32 | |||
4695 MUSD 4695Meta USD | $0.9969 | 0.07% | 0.17% | 0.10% | $153,219.73 | $153,219.73 | $1,765.89 | |||
5187 LINK 5187Osmosis allLINK | $11.79 | −1.67% | 4.61% | 43.38% | $107,979.53 | $107,979.53 | $2,359.93 | |||
6355 MEUSD 6355Morpho eUSD | $1.03 | −0.10% | 0.29% | −0.38% | $46,594.54 | $46,594.54 | $0.00 | |||
7301 CGHS 7301cGHS | $0.08904 | 0.31% | −0.40% | 4.98% | $24,638.70 | $24,638.70 | $397.01 | |||
8142 WSTETH 8142Bridged Wrapped stETH | $3,056.84 | −2.51% | 1.10% | 33.15% | $13,951.35 | $13,951.35 | $1.76 | |||
8253 REUSDC 8253Relend USDC | $0.01767 | −0.00% | 0.25% | 0.76% | $12,839.56 | $12,839.56 | $0.00 | |||
9762 FXUSDC 9762f(x) Protocol Morpho USDC | $1.08 | 0.09% | 0.00% | 0.09% | $3,633.25 | $3,633.25 | $0.00 | |||
9817 RE7USDC 9817Re7 USDC | $1.04 | 0.00% | 0.10% | 0.10% | $3,261.76 | $3,261.76 | $0.00 | |||
10037 RE7FRAX 10037Re7 FRAX | $1.01 | 0.00% | 0.10% | 0.39% | $937.04 | $937.04 | $0.00 | |||
10075 MMAI 10075Morpho MAI | $1.02 | 0.00% | −0.19% | −1.82% | $319.07 | $319.07 | $0.00 | |||
10092 STEAKWBTC 10092Steakhouse WBTC Morpho Vault | $79,605.00 | −1.66% | 2.65% | 24.22% | $79.47 | $79.47 | $0.00 | |||
10192 ADAI 10192Aave DAI | $1.00 | 0.32% | 0.23% | 0.19% | -- | $5.44 M | $0.00 | |||
10199 ABAT 10199Aave BAT | $0.07208 | 1.47% | 6.36% | 9.47% | -- | $175,557.39 | $0.00 | |||
10200 ASNX 10200Aave SNX | $0.2131 | −0.52% | 0.92% | −0.35% | -- | $148,428.19 | $0.00 | |||
10201 ALINK 10201Aave LINK | $11.81 | −1.58% | 3.40% | 41.66% | -- | $89.54 M | $0.00 | |||
10202 ATUSD 10202Aave TUSD | $0.9999 | 0.29% | 0.42% | 0.52% | -- | $2.46 M | $0.00 | |||
10203 AKNC 10203Aave KNC | $0.1176 | 1.53% | −1.78% | 14.78% | -- | $3,293.50 | $0.00 | |||
10204 AZRX 10204Aave ZRX | $0.1055 | 3.52% | 9.92% | 31.42% | -- | $14,231.07 | $0.00 | |||
10205 AMKR 10205Aave MKR | $1,565.34 | −2.07% | 1.51% | 21.32% | -- | $2.68 M | $0.00 | |||
10206 ASUSD 10206Aave SUSD | $0.3877 | −2.48% | 1.13% | 31.45% | -- | $90,352.80 | $0.00 | |||
10207 AMANA 10207Aave MANA | $0.07512 | −0.33% | 2.15% | 11.87% | -- | $14,897.01 | $0.00 | |||
10208 ABUSD 10208Aave BUSD | $0.999 | 0.18% | 0.19% | 0.31% | -- | $284,224.49 | $0.00 | |||
10209 AUSDT 10209Aave USDT | $1.00 | 0.26% | 0.23% | 0.24% | -- | $11.62 M | $0.00 | |||
10210 AWBTC 10210Aave WBTC | $79,640.00 | −1.69% | 2.59% | 23.99% | -- | -- | $0.00 | |||
10211 AUSDC 10211Aave USDC | $1.05 | 5.35% | 5.29% | 5.15% | -- | $21.54 M | $20,217.72 | |||
10223 RENBTCCURVE 10223LP renBTC Curve | $81,676.00 | −1.76% | 2.64% | 23.84% | -- | $5.76 M | $0.00 | |||
10234 AREN 10234Aave REN | $0.003482 | −0.87% | −0.13% | 6.48% | -- | $219.48 | $0.00 | |||
10235 AENJ 10235Aave ENJ | $0.02788 | 5.19% | 10.31% | 14.39% | -- | $3,909.20 | $0.00 | |||
10248 3CRV 10248LP 3pool Curve | $1.05 | −1.12% | 1.38% | 2.18% | -- | $183.48 M | $4,247.47 | |||
10256 WZEC 10256Wrapped Zcash | $549.79 | 38.53% | 45.60% | 79.21% | -- | $298,469.73 | $52.24 | |||
10310 AUSDC 10310Aave USDC v1 | $1.00 | 0.28% | 0.22% | 0.19% | -- | -- | $0.00 | |||
10311 ATUSD 10311Aave TUSD v1 | $0.9999 | 0.29% | 0.42% | 0.62% | -- | -- | $0.00 | |||
10312 ALINK 10312Aave LINK v1 | $11.86 | −1.41% | 4.95% | 43.70% | -- | $2.84 M | $0.00 | |||
10313 AMKR 10313Aave MKR v1 | $1,565.34 | −2.07% | 1.51% | 21.35% | -- | $89,887.84 | $0.00 | |||
10314 ASNX 10314Aave SNX v1 | $0.2131 | −0.56% | 1.02% | −0.18% | -- | $11,314.15 | $0.00 | |||
10315 ASUSD 10315Aave SUSD v1 | $0.3877 | −2.48% | 1.13% | 31.39% | -- | $44,280.38 | $0.00 | |||
10316 AMANA 10316Aave MANA v1 | $0.07512 | −0.33% | 2.15% | 11.89% | -- | $5,269.73 | $0.00 | |||
10317 AZRX 10317Aave ZRX v1 | $0.1055 | 3.52% | 9.92% | 31.56% | -- | $7,669.27 | $0.00 | |||
10318 AKNC 10318Aave KNC v1 | $0.1176 | 1.57% | −1.75% | 14.78% | -- | $5,929.92 | $0.00 | |||
10319 AETH 10319Aave ETH v1 | $2,459.36 | 0.74% | 0.10% | 16.19% | -- | $7.54 M | $31.85 | |||
10320 ABUSD 10320Aave BUSD v1 | $0.999 | 0.18% | 0.19% | 0.26% | -- | $297,707.99 | $0.00 | |||
10454 CVXCRV 10454Convex CRV | $0.1527 | −3.84% | 16.13% | 49.71% | -- | $4.84 M | $42,430.00 | |||
11738 USDT 11738Bridged USDT | $1.00 | 0.01% | 0.00% | 0.28% | -- | -- | $4.95 M | |||
11757 USDC.E 11757USDC Bridged | $1.00 | 0.01% | −0.00% | 0.22% | -- | -- | $1.19 M | |||
12109 GUSDC 12109Gains Network USDC | $1.29 | 0.00% | −2.27% | 16.22% | -- | $4.48 M | $1.19 | |||
12250 BTC.B 12250Avalanche Bridged BTC (Arbitrum One) | $79,041.62 | −1.88% | 2.41% | 25.88% | -- | $553,325.10 | $191.44 | |||
12275 STEAKUSDT 12275Steakhouse USDT Morpho Vault | $1.13 | 0.00% | 0.00% | 0.00% | -- | $12.17 M | $0.00 | |||
12281 RE7TBTC 12281Re7 tBTC | $79,686.00 | −1.70% | 2.73% | 23.99% | -- | -- | $0.00 | |||
12318 SSUI 12318sSUI | $0.8706 | −0.01% | 6.65% | 13.75% | -- | $5.32 M | $5.31 | |||
12326 lrtsSOL 12326Adrastea lrtsSOL | $118.66 | 0.05% | −1.80% | 42.36% | -- | -- | $96.62 | |||
12327 sonicSOL 12327Sonic Restaked SOL | $117.47 | −1.85% | −1.14% | 40.47% | -- | -- | $3,383.34 | |||
12381 ABASUSDBC 12381Aave v3 aBasUSDbC | $1.00 | 0.02% | 0.00% | 0.02% | -- | $156,064.18 | $0.00 | |||
12426 aEthUSDC 12426Aave Ethereum USDC | $1.00 | −0.68% | 0.58% | −0.21% | -- | -- | $2,009.22 | |||
12562 BIGOD 12562Bingold | $61,963.98 | 2.16% | 3.40% | 7.96% | -- | $154.91 B | $150.65 | |||
XAUt Tether Gold | $4,426.45 | −0.86% | −0.69% | 7.03% | $2.71 B | $3.13 B | $96.17 M |
Frequently Asked Questions
What are backed tokens (asset-backed crypto)?
Backed tokens are digital assets whose value derives from an underlying reserve — fiat, crypto, a physical commodity, or a real-world security — typically pegged 1:1 or over-collateralized above 100%. Backed tokens stand opposite algorithmic or unbacked tokens. For investors, backed tokens offer redeemability and reserve transparency through attestation. DropsTab groups backed tokens into four sub-types: asset-backed stablecoins, commodity/gold tokens, tokenized equities, and DeFi collateral-receipt tokens, tracking 80+ members across those subdivisions.
How do backed tokens maintain their peg?
Backed tokens maintain value through a verifiable claim on a deposited reserve. Custodial backed tokens hold 1:1 reserves — PAX Gold (PAXG) represents one fine troy ounce of LBMA Good-Delivery bullion. Crypto-collateralized backed tokens over-collateralize above 100% — Liquity BOLD (BOLD) and Rai Reflex Index (RAI) back each token with excess crypto debt. Redemption enforces the peg: holders burn or redeem the token for the underlying asset. Attestation — monthly for Paxos, quarterly for Tether Gold — verifies reserves.
What is the difference between backed tokens and stablecoins?
Backed tokens are a broader category than stablecoins. Stablecoins target a fixed fiat peg — usually $1. Backed tokens include stablecoins but also track non-stable reserves: gold (PAX Gold, Tether Gold), equities (Apple xStock, SP500 xStock), and DeFi receipts (Aave aTokens). Tether Gold (XAUt) fluctuates with bullion prices, not a dollar peg. Asset-backed stablecoins form just one of four backed-token sub-types on DropsTab.
Which projects lead the backed tokens category by market cap?
Ethena USDe (USDE) is the largest asset-backed stablecoin in the category, collateralized through a delta-neutral crypto position rather than fiat custody. PAX Gold (PAXG) and Tether Gold (XAUt) anchor the commodity sub-type with physical bullion. Apple xStock (AAPLX), MicroStrategy xStock (MSTRX), and SP500 xStock (SPYX) lead tokenized equities, live since 30 Jun 2025. Aave aTokens (ADAI, AUSDC, AWBTC) dominate the DeFi receipt sub-type by count.
How are backed tokens evaluated by collateral quality?
Backed tokens are evaluated on collateral quality and claim strength, not price momentum. The collateralization ratio measures reserve backing — exactly 1:1 for custodial gold, equity, and fiat tokens, above 100% for crypto-debt tokens like BOLD. Proof-of-reserve cadence verifies reserves: xStocks use on-chain Chainlink proof-of-reserve, while PAX Gold publishes monthly Paxos attestations. Redemption mechanism and issuer custody structure — bankruptcy-remote SPV, regulated custodian — complete the assessment. No single cross-sub-type metric exists.
What are the four sub-types of backed tokens?
DropsTab divides backed tokens into four sub-types. Asset-backed stablecoins include Ethena USDe (USDE) and Frax USD (FRXUSD). Commodity/gold tokens include PAX Gold (PAXG) and Tether Gold (XAUt). Tokenized equities (xStocks) include Apple xStock (AAPLX) and SP500 xStock (SPYX). DeFi collateral-receipt tokens — Aave aTokens, Compound cTokens, Morpho/Steakhouse vaults, wrapped stETH, and restaked SOL variants — dominate the category by count. DropsTab tracks 80+ backed tokens across these four subdivisions.
Which tokens qualify as tokenized equities (xStocks)?
xStocks are tokenized US equities issued by Backed Finance with 1:1 custodial backing. Each xStock represents one share held by a regulated custodian (Clearstream/InCore) inside a bankruptcy-remote SPV, verified through Chainlink proof-of-reserve. Apple xStock (AAPLX), MicroStrategy xStock (MSTRX), and SP500 xStock (SPYX) went live 30 Jun 2025. xStocks bring custodied equity exposure on-chain — carrying securities-regulatory and custodial counterparty risk absent from purely on-chain crypto assets.
What are the risks of backed token investments?
Backed token risks vary by sub-type. Tokenized equities and stablecoins carry securities and stablecoin regulatory exposure plus custodial counterparty risk. Commodity tokens depend on attestation integrity and redemption logistics. DeFi receipt tokens add smart-contract, oracle, and underlying-protocol solvency risk — collateral impairment can trigger a de-peg or redemption gating. Concentration risk rises where one issuer dominates a sub-type, as Paxos does for gold-backed tokens. Proof-of-reserve transparency partially offsets these backed-token risks.
How to track backed tokens by market cap on DropsTab?
DropsTab tracks 80+ backed tokens across four sub-types on the Backed Tokens category page. The category scanner filters tokens by market cap and sub-type — separating asset-backed stablecoins, gold tokens, tokenized equities, and DeFi receipts. Investors compare collateral structure and issuer across Ethena USDe (USDE), PAX Gold (PAXG), and Apple xStock (AAPLX) side by side. Drops Bot alerts notify holders of new listings within the backed tokens category.