Backed Tokens
0.27%
−0.00%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
21 USDE 21Ethena USDe | $1.00 | 0.01% | 0.02% | 0.01% | $3.96 B | $3.96 B | $8.18 M | |||
34 PAXG 34PAX Gold | $4,379.62 | −0.09% | 0.58% | 8.63% | $1.91 B | $1.91 B | $31.64 M | |||
347 SPYX 347SP500 xStock | $781.73 | 0.08% | 0.34% | 2.96% | $49.82 M | $203.12 M | $1.52 M | |||
372 MSTRX 372MicroStrategy xStock | $94.12 | 0.56% | −7.42% | −1.70% | $44.55 M | $124.21 M | $212,022.32 | |||
405 YUSD 405Aegis YUSD | $0.9883 | −0.95% | −0.89% | −1.02% | $40.18 M | $40.18 M | $338.16 | |||
945 AAPLX 945Apple xStock | $308.14 | −0.03% | −2.19% | −7.05% | $12.40 M | $195.43 M | $1.12 M | |||
1104 EUROP 1104Schuman EURØP | $1.15 | 0.00% | 0.08% | 0.95% | $8.97 M | $9.19 M | $20,984.46 | |||
1172 KYSOL 1172Kyros Restaked SOL | $97.73 | 0.24% | −1.30% | −0.61% | $7.76 M | $7.76 M | $60.55 | |||
1219 AllBTC 1219Osmosis allBTC | $63,008.00 | −0.18% | −2.48% | −1.54% | $7.12 M | $7.12 M | $40,122.00 | |||
1389 RE7WETH 1389Re7 WETH | $2,111.66 | 7.48% | 5.52% | 7.33% | $5.14 M | $5.14 M | $0.00 | |||
1392 VDOGE 1392Venus DOGE | $0.001422 | −0.23% | −0.46% | −4.58% | $5.12 M | $5.44 M | $0.00 | |||
1779 OBTC 1779BoringDAO BTC | $62,459.43 | 0.20% | −2.11% | −0.17% | $2.62 M | $2.62 M | $12.51 | |||
1962 XSUSHI 1962xSUSHI | $0.2513 | 3.70% | −3.81% | −3.98% | $1.96 M | $15.35 M | $587.20 | |||
2006 FLRETH 2006Flare Staked Ether | $1,945.27 | −0.18% | −2.28% | −2.04% | $1.84 M | $1.84 M | $2,428.91 | |||
2038 CBAT 2038cBAT | $0.001223 | 3.77% | −13.21% | −26.20% | $1.76 M | $72.79 M | $0.00 | |||
2060 CSAI 2060cSAI | $0.2152 | 0.20% | 4.72% | 7.26% | $1.71 M | $1.71 M | $1.26 | |||
2121 SOL 2121Osmosis allSOL | $75.36 | 1.84% | 1.44% | −0.89% | $1.60 M | $1.60 M | $46.46 | |||
2177 FLETH 2177flETH | $1,880.48 | 0.06% | −2.14% | −0.29% | $1.49 M | $1.49 M | $19,481.54 | |||
2434 RAI 2434Rai Reflex Index | $1.99 | −11.16% | −1.49% | −8.72% | $1.06 M | $1.06 M | $2,790.30 | |||
2575 ETH 2575Osmosis allETH | $1,879.09 | 0.04% | −1.83% | −0.13% | $896,503.90 | $896,503.90 | $28,074.00 | |||
2730 UUSDC 2730Universal USDC | $2.09 | 0.00% | 0.00% | 0.00% | $755,762.80 | $755,762.80 | $0.00 | |||
2852 CUNI 2852cUNI | $0.06725 | 0.84% | −17.38% | −10.68% | $656,674.24 | $656,674.24 | $0.00 | |||
2861 USDT 2861Osmosis allUSDT | $0.9992 | −0.03% | 0.48% | 0.18% | $651,374.91 | $651,374.91 | $1,553.27 | |||
2925 HWHLP 2925Hyperwave HLP | $1.14 | 0.00% | 0.88% | 0.00% | $602,386.98 | $602,386.98 | $488.31 | |||
3257 PBTC 3257pTokens BTC [OLD] | $52,242.31 | 29.11% | 57136.02% | 7.28% | $411,418.84 | $411,418.84 | $5.73 | |||
3470 BOLD 3470Liquity BOLD | $1.00 | 0.07% | 14.40% | 9.67% | $335,672.86 | $335,672.86 | $1.36 | |||
3533 CASH 3533Opus CASH | $1.01 | 0.90% | 5902.66% | 1.52% | $313,539.35 | $127.47 M | $5.21 | |||
4058 CZRX 4058c0x | $0.001581 | −0.49% | −7.45% | −11.54% | $194,479.61 | $194,479.61 | $0.00 | |||
4326 MUSD 4326Meta USD | $0.993 | −0.11% | −0.42% | −0.80% | $153,215.56 | $153,215.56 | $163.87 | |||
4349 USDFC 4349USDFC | $1.01 | 0.00% | −0.49% | 1.13% | $149,519.92 | $149,519.92 | $7,517.04 | |||
4457 OS 4457Origin Sonic | $0.02225 | 0.10% | −4.20% | −11.01% | $135,202.25 | $135,202.25 | $72.05 | |||
5047 LINK 5047Osmosis allLINK | $9.38 | −0.11% | 13.16% | 12.08% | $83,958.45 | $83,958.45 | $2,181.21 | |||
5700 MEUSD 5700Morpho eUSD | $1.03 | −1.90% | −1.43% | −0.29% | $49,012.95 | $49,012.95 | $0.00 | |||
6579 CGHS 6579cGHS | $0.09086 | 0.24% | 6.20% | 4.38% | $24,671.43 | $24,671.43 | $103.61 | |||
7131 REUSDC 7131Relend USDC | $0.01758 | 0.05% | 0.10% | 0.32% | $15,211.26 | $15,211.26 | $0.00 | |||
8547 FXUSDC 8547f(x) Protocol Morpho USDC | $1.08 | 0.00% | 0.00% | −0.09% | $3,633.25 | $3,633.25 | $0.00 | |||
8609 RE7USDC 8609Re7 USDC | $1.04 | 0.10% | 0.00% | 0.00% | $3,261.76 | $3,261.76 | $0.00 | |||
8869 RE7FRAX 8869Re7 FRAX | $1.01 | −0.10% | 0.39% | 0.20% | $937.04 | $937.04 | $0.00 | |||
8912 MMAI 8912Morpho MAI | $1.02 | 0.10% | −1.54% | −0.97% | $319.07 | $319.07 | $0.00 | |||
8929 STEAKWBTC 8929Steakhouse WBTC Morpho Vault | $63,048.00 | 0.14% | −2.78% | −1.57% | $62.94 | $62.94 | $0.00 | |||
9010 ADAI 9010Aave DAI | $0.9994 | 0.03% | 0.03% | −0.01% | -- | $5.44 M | $0.00 | |||
9013 ABAT 9013Aave BAT | $0.05909 | 4.23% | −12.20% | −25.44% | -- | $143,919.07 | $0.00 | |||
9014 ASNX 9014Aave SNX | $0.1995 | 1.23% | −8.44% | −11.35% | -- | $138,955.54 | $0.00 | |||
9015 ALINK 9015Aave LINK | $9.37 | −3.02% | 13.19% | 11.28% | -- | $71.04 M | $0.04 | |||
9016 ATUSD 9016Aave TUSD | $0.9979 | 0.02% | 0.19% | 0.01% | -- | $2.46 M | $0.00 | |||
9017 AKNC 9017Aave KNC | $0.1003 | 0.55% | −2.22% | −8.05% | -- | $2,808.99 | $0.00 | |||
9018 AZRX 9018Aave ZRX | $0.07694 | 0.07% | −3.58% | −10.18% | -- | $10,378.57 | $0.00 | |||
9019 AMKR 9019Aave MKR | $1,219.96 | −0.05% | −6.23% | −15.12% | -- | $2.09 M | $0.00 | |||
9020 ASUSD 9020Aave SUSD | $0.2963 | 0.08% | −1.58% | 1.85% | -- | $69,052.18 | $0.00 | |||
9021 AMANA 9021Aave MANA | $0.06463 | −0.29% | −3.33% | −6.29% | -- | $12,816.74 | $0.00 | |||
9022 ABUSD 9022Aave BUSD | $0.9964 | 0.06% | −0.15% | −0.11% | -- | $283,484.76 | $0.00 | |||
9023 AUSDT 9023Aave USDT | $0.9986 | 0.03% | −0.11% | −0.05% | -- | $11.60 M | $0.00 | |||
9024 AWBTC 9024Aave WBTC | $62,993.00 | −0.04% | −2.74% | −0.60% | -- | -- | $0.00 | |||
9025 AUSDC 9025Aave USDC | $0.9995 | 0.02% | −1.22% | 0.31% | -- | $20.46 M | $0.00 | |||
9037 RENBTCCURVE 9037LP renBTC Curve | $64,619.00 | 0.01% | −2.65% | −1.75% | -- | $4.56 M | $0.00 | |||
9046 AREN 9046Aave REN | $0.00313 | −2.80% | −6.02% | −4.34% | -- | $197.29 | $0.00 | |||
9047 AENJ 9047Aave ENJ | $0.02416 | −0.68% | −6.62% | −13.92% | -- | $3,386.54 | $0.00 | |||
9059 3CRV 9059LP 3pool Curve | $1.03 | 0.07% | −1.35% | −5.34% | -- | $179.64 M | $3,306.78 | |||
9097 AUSDC 9097Aave USDC v1 | $0.9995 | 0.02% | −0.01% | 0.01% | -- | -- | $0.00 | |||
9098 ATUSD 9098Aave TUSD v1 | $0.9976 | 0.01% | 0.17% | 0.17% | -- | -- | $0.00 | |||
9099 ALINK 9099Aave LINK v1 | $9.34 | 0.11% | 14.18% | 10.40% | -- | $2.24 M | $0.00 | |||
9100 AMKR 9100Aave MKR v1 | $1,219.96 | −0.05% | −6.23% | −15.12% | -- | $70,054.79 | $0.00 | |||
9101 ASNX 9101Aave SNX v1 | $0.1995 | 1.21% | −8.45% | −10.90% | -- | $10,598.12 | $0.00 | |||
9102 ASUSD 9102Aave SUSD v1 | $0.2963 | 0.08% | −1.58% | 1.87% | -- | $33,841.12 | $0.00 | |||
9103 AMANA 9103Aave MANA v1 | $0.06465 | −0.29% | −3.33% | −6.50% | -- | $4,538.02 | $0.00 | |||
9104 AZRX 9104Aave ZRX v1 | $0.07694 | 0.07% | −3.38% | −10.18% | -- | $5,593.11 | $0.00 | |||
9105 AKNC 9105Aave KNC v1 | $0.1003 | 0.55% | −2.30% | −8.05% | -- | $5,057.57 | $0.00 | |||
9106 ABUSD 9106Aave BUSD v1 | $0.9964 | 0.02% | −0.02% | 0.20% | -- | $296,933.17 | $0.00 | |||
9183 CVXCRV 9183Convex CRV | $0.1122 | 1.03% | 7.93% | 23.53% | -- | $3.56 M | $1,807.53 | |||
9511 OGS 9511Ouro Governance Share | $0.0₉735 | 44.39% | 1.98% | 1.98% | -- | $0.0735 | $4.01 | |||
10150 USDT 10150Bridged USDT | $0.9992 | −0.03% | 0.02% | −0.17% | -- | -- | $1.80 M | |||
10165 USDC.E 10165USDC Bridged | $0.9997 | −0.13% | 0.33% | −0.02% | -- | -- | $281,958.00 | |||
10456 GUSDC 10456Gains Network USDC | $1.11 | −0.89% | 0.00% | −0.89% | -- | $4.69 M | $0.24 | |||
10589 BTC.B 10589Avalanche Bridged BTC (Arbitrum One) | $62,871.62 | −0.17% | −3.19% | −1.04% | -- | $446,405.79 | $886.32 | |||
10609 STEAKUSDT 10609Steakhouse USDT Morpho Vault | $1.13 | 0.00% | 0.00% | 0.89% | -- | $12.17 M | $0.00 | |||
10616 RE7TBTC 10616Re7 tBTC | $62,987.00 | −0.04% | −2.64% | −1.61% | -- | -- | $0.00 | |||
10641 SSUI 10641sSUI | $0.7578 | 0.57% | −2.11% | −10.04% | -- | $4.63 M | $1,949.35 | |||
10650 lrtsSOL 10650Adrastea lrtsSOL | $67.63 | 0.21% | −19.74% | −19.75% | -- | -- | $316.69 | |||
10651 sonicSOL 10651Sonic Restaked SOL | $86.14 | 0.21% | −1.89% | −1.06% | -- | -- | $2.84 | |||
10697 ABASUSDBC 10697Aave v3 aBasUSDbC | $0.9999 | −0.00% | 0.00% | 0.01% | -- | $156,765.78 | $0.00 | |||
10734 aEthUSDC 10734Aave Ethereum USDC | $0.9999 | 0.39% | −0.41% | 1.70% | -- | -- | $59.16 | |||
XAUt Tether Gold | $4,362.25 | −0.13% | 0.47% | 8.08% | $2.67 B | $3.08 B | $40.58 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.