Backed tokens are a unique category of digital assets on the blockchain, pegged to other cryptocurrencies or real-world assets like shares, commodities, or stocks. These tokens serve as a bridge, allowing investors to gain exposure to a wide range of assets in the crypto market. The underlying asset, whether it's Bitcoin, Ethereum, or a tangible asset, provides a base value for each backed token. This mechanism ensures stability in price and opens up new opportunities for trading, hedging, and arbitrage. Backed tokens have found their niche in the DeFi sector, where they contribute to liquidity and enable seamless asset exchange. Notable examples include stablecoins and wrapped tokens. The webpage provides a comprehensive list of tokens in this category, including PAX Gold, Tether Gold, and Huobi BTC, among others. Each token's market cap and trading volume are also presented, offering users a snapshot of the token's market performance.
