Backed Tokens
0.25%
0.01%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
21 USDE 21Ethena USDe | $1.00 | 0.00% | −0.00% | −0.03% | $4.74 B | $4.74 B | $49.50 M | |||
44 PAXG 44PAX Gold | $4,152.42 | 0.68% | 0.46% | −3.43% | $1.82 B | $1.82 B | $211.25 M | |||
216 MSTRX 216MicroStrategy xStock | $140.35 | −7.17% | −7.20% | 6.06% | $110.40 M | $226.26 M | $2.80 M | |||
306 SPYX 306SP500 xStock | $768.87 | −1.14% | −0.90% | 0.34% | $65.13 M | $211.52 M | $6.67 M | |||
428 YUSD 428Aegis YUSD | $1.00 | 0.16% | 1.62% | 0.18% | $40.74 M | $40.74 M | $4,304.14 | |||
968 AAPLX 968Apple xStock | $346.82 | 0.31% | 2.34% | 4.18% | $12.70 M | $222.74 M | $4.32 M | |||
1024 KYSOL 1024Kyros Restaked SOL | $133.29 | −3.49% | −9.30% | 1.35% | $11.41 M | $11.41 M | $71.30 | |||
1144 AllBTC 1144Osmosis allBTC | $80,771.00 | 10.26% | 10.41% | 4.85% | $9.13 M | $9.13 M | $16,724.33 | |||
1297 MAUSDC 1297Matic Aave Interest Bearing USDC | $1.25 | −1.57% | 2.46% | 2.44% | $7.17 M | $7.17 M | $1.35 | |||
1368 VDOGE 1368Venus DOGE | $0.001631 | −4.29% | −7.79% | −3.02% | $6.07 M | $6.07 M | $0.00 | |||
1374 RE7WETH 1374Re7 WETH | $2,468.46 | −4.97% | −6.79% | −4.95% | $6.01 M | $6.01 M | $0.00 | |||
1448 CBAT 1448cBAT | $0.003642 | −2.70% | 71.26% | 136.57% | $5.25 M | $216.76 M | $0.00 | |||
1744 OBTC 1744BoringDAO BTC | $78,071.91 | −5.19% | −8.97% | −4.59% | $3.28 M | $3.28 M | $54.58 | |||
1893 XSUSHI 1893xSUSHI | $0.3383 | −8.67% | −8.91% | 0.89% | $2.64 M | $20.66 M | $2,156.93 | |||
1966 FLRETH 1966Flare Staked Ether | $2,510.15 | −5.40% | −7.25% | −4.76% | $2.36 M | $2.36 M | $2,012.45 | |||
2015 SOL 2015Osmosis allSOL | $101.99 | −3.42% | −9.40% | 0.62% | $2.17 M | $2.17 M | $299.27 | |||
2197 FLETH 2197flETH | $2,354.42 | −4.99% | −6.86% | −49.96% | $1.67 M | $1.67 M | $20,647.00 | |||
2275 RAI 2275Rai Reflex Index | $2.96 | −0.66% | −0.66% | 1.35% | $1.48 M | $1.50 M | $14,767.94 | |||
2363 CUNI 2363cUNI | $0.1413 | −5.08% | −8.52% | 2.42% | $1.33 M | $1.33 M | $0.00 | |||
2757 ETH 2757Osmosis allETH | $2,353.64 | −4.94% | −6.93% | −5.01% | $822,995.63 | $822,995.63 | $136,318.00 | |||
2837 UUSDC 2837Universal USDC | $2.09 | 0.00% | 0.00% | 0.00% | $755,762.80 | $755,762.80 | $0.00 | |||
3061 USDT 3061Osmosis allUSDT | $0.9991 | −0.01% | −0.03% | −0.07% | $599,448.52 | $599,448.52 | $718.44 | |||
3243 PBTC 3243pTokens BTC [OLD] | $62,727.00 | 66.45% | 42.63% | −4.10% | $493,987.91 | $493,987.91 | $1,315.60 | |||
3635 BOLD 3635Liquity BOLD | $0.9945 | 32.63% | 25.29% | 1.00% | $333,493.16 | $333,493.16 | $31,137.65 | |||
3720 CASH 3720Opus CASH | $0.9873 | 0.47% | −0.87% | 0.62% | $305,283.43 | $124.12 M | $34,907.00 | |||
3735 HWHLP 3735Hyperwave HLP | $1.15 | 0.00% | 2.68% | 0.00% | $301,120.24 | $300,862.13 | $132.78 | |||
3859 CZRX 3859c0x | $0.002258 | −6.39% | −6.38% | −1.48% | $270,764.11 | $270,764.11 | $0.00 | |||
4103 USDFC 4103USDFC | $0.9504 | −2.86% | −5.53% | −10.17% | $218,920.11 | $218,920.11 | $4,568.26 | |||
4549 OS 4549Origin Sonic | $0.05353 | −5.19% | 35.24% | 102.85% | $151,946.58 | $151,946.58 | $2,596.39 | |||
4599 MUSD 4599Meta USD | $0.9966 | 0.06% | −0.20% | 9.96% | $144,397.58 | $144,313.82 | $3,750.67 | |||
5518 LINK 5518Osmosis allLINK | $14.33 | 16.01% | 14.22% | 25.89% | $72,273.08 | $72,273.08 | $0.1268 | |||
6126 MEUSD 6126Morpho eUSD | $1.03 | −0.10% | 0.10% | −0.19% | $46,159.66 | $46,159.66 | $0.00 | |||
7074 CGHS 7074cGHS | $0.08517 | 0.39% | 1.20% | −3.36% | $23,406.40 | $23,406.40 | $791.64 | |||
7813 WSTETH 7813Bridged Wrapped stETH | $2,934.90 | −4.99% | −12.38% | −4.81% | $13,394.82 | $13,394.82 | $3.74 | |||
7883 REUSDC 7883Relend USDC | $0.01804 | 0.07% | 0.50% | 1.57% | $12,660.03 | $12,660.03 | $0.00 | |||
9352 FXUSDC 9352f(x) Protocol Morpho USDC | $1.08 | −0.09% | 0.00% | 0.09% | $3,633.25 | $3,633.25 | $0.00 | |||
9413 RE7USDC 9413Re7 USDC | $1.04 | 0.00% | 0.00% | −0.10% | $3,261.76 | $3,261.76 | $0.00 | |||
9634 RE7FRAX 9634Re7 FRAX | $1.01 | 0.00% | 0.49% | −0.29% | $936.13 | $936.13 | $0.00 | |||
9680 MMAI 9680Morpho MAI | $1.04 | 0.00% | 0.10% | 4.10% | $324.68 | $324.68 | $0.00 | |||
9699 STEAKWBTC 9699Steakhouse WBTC Morpho Vault | $80,738.00 | −2.25% | −1.77% | 4.88% | $80.60 | $80.60 | $0.00 | |||
9808 ADAI 9808Aave DAI | $0.9976 | 0.01% | 0.21% | −0.09% | -- | $5.43 M | $0.00 | |||
9815 ABAT 9815Aave BAT | $0.1758 | −3.11% | 74.40% | 133.74% | -- | $428,176.89 | $0.00 | |||
9816 ASNX 9816Aave SNX | $0.2143 | −8.66% | −10.76% | 3.95% | -- | $149,264.02 | $0.00 | |||
9817 ALINK 9817Aave LINK | $12.02 | −5.58% | −7.18% | 3.62% | -- | $91.13 M | $0.00 | |||
9818 ATUSD 9818Aave TUSD | $0.9978 | −0.01% | −0.09% | −0.11% | -- | $2.46 M | $0.00 | |||
9819 AKNC 9819Aave KNC | $0.1398 | −0.01% | 3.46% | −1.42% | -- | $3,952.82 | $0.00 | |||
9820 AZRX 9820Aave ZRX | $0.09789 | −0.16% | −14.95% | −11.17% | -- | $12,229.17 | $0.00 | |||
9821 AMKR 9821Aave MKR | $1,572.16 | −8.58% | −12.33% | 8.67% | -- | $2.70 M | $0.00 | |||
9822 ASUSD 9822Aave SUSD | $0.3772 | −0.01% | −5.16% | −3.18% | -- | $87,905.83 | $0.00 | |||
9823 AMANA 9823Aave MANA | $0.08472 | −6.90% | −13.08% | 16.28% | -- | $16,773.90 | $0.00 | |||
9824 ABUSD 9824Aave BUSD | $0.9944 | −0.16% | 0.05% | −0.32% | -- | $282,915.74 | $0.00 | |||
9825 AUSDT 9825Aave USDT | $0.9967 | 0.01% | 0.11% | −0.73% | -- | $11.58 M | $0.00 | |||
9826 AWBTC 9826Aave WBTC | $80,976.00 | −2.12% | −1.63% | 5.37% | -- | -- | $0.00 | |||
9827 AUSDC 9827Aave USDC | $0.9485 | −4.78% | −4.60% | −4.97% | -- | $19.38 M | $3.62 | |||
9840 RENBTCCURVE 9840LP renBTC Curve | $82,933.00 | −2.23% | −1.62% | 5.04% | -- | $5.61 M | $0.00 | |||
9846 AREN 9846Aave REN | $0.003293 | −0.01% | 14.17% | −4.49% | -- | $207.57 | $0.00 | |||
9847 AENJ 9847Aave ENJ | $0.046 | −0.16% | 53.51% | 80.79% | -- | $6,415.74 | $0.00 | |||
9862 3CRV 9862LP 3pool Curve | $1.01 | 0.43% | 3.68% | 1.24% | -- | $177.03 M | $2,825.54 | |||
9869 WZEC 9869Wrapped Zcash | $224.39 | −8.67% | 74.86% | −29.05% | -- | $121,816.73 | $30.53 | |||
9917 AUSDC 9917Aave USDC v1 | $0.9977 | −0.16% | 0.19% | −0.10% | -- | -- | $0.00 | |||
9918 ATUSD 9918Aave TUSD v1 | $0.9978 | −0.01% | 0.27% | −0.22% | -- | -- | $0.00 | |||
9919 ALINK 9919Aave LINK v1 | $11.98 | −5.97% | −7.42% | 5.09% | -- | $2.87 M | $0.00 | |||
9920 AMKR 9920Aave MKR v1 | $1,572.16 | −8.58% | −12.65% | 8.08% | -- | $57,520.89 | $0.00 | |||
9921 ASNX 9921Aave SNX v1 | $0.2143 | −8.66% | −10.76% | 3.49% | -- | $11,339.21 | $0.00 | |||
9922 ASUSD 9922Aave SUSD v1 | $0.3772 | −0.01% | −5.16% | −3.18% | -- | $43,081.14 | $0.00 | |||
9923 AMANA 9923Aave MANA v1 | $0.08472 | −7.05% | −13.08% | 16.28% | -- | $4,767.56 | $0.00 | |||
9924 AZRX 9924Aave ZRX v1 | $0.09789 | −0.01% | −14.95% | −11.26% | -- | $6,524.29 | $0.00 | |||
9925 AKNC 9925Aave KNC v1 | $0.1398 | −0.01% | 3.79% | −1.42% | -- | $7,023.63 | $0.00 | |||
9926 ABUSD 9926Aave BUSD v1 | $0.9944 | −0.16% | 0.05% | −0.32% | -- | $296,337.16 | $0.00 | |||
10047 CVXCRV 10047Convex CRV | $0.1415 | 4.88% | −9.49% | 0.66% | -- | $4.49 M | $4,670.33 | |||
11214 USDT 11214Bridged USDT | $0.9991 | −0.01% | −0.03% | −0.06% | -- | -- | $5.42 M | |||
11234 USDC.E 11234USDC Bridged | $0.9997 | 0.00% | 0.01% | −0.02% | -- | -- | $310,826.00 | |||
11519 GUSDC 11519Gains Network USDC | $1.30 | 0.00% | 2.36% | 3.17% | -- | $4.09 M | $1.40 | |||
11638 BTC.B 11638Avalanche Bridged BTC (Arbitrum One) | $80,467.00 | −2.58% | −1.88% | 4.96% | -- | $553,370.49 | $4,928.31 | |||
11660 STEAKUSDT 11660Steakhouse USDT Morpho Vault | $1.13 | 0.00% | 0.00% | 0.00% | -- | $79.59 M | $0.00 | |||
11668 RE7TBTC 11668Re7 tBTC | $80,838.00 | −2.23% | −1.70% | 4.94% | -- | -- | $0.00 | |||
11698 SSUI 11698sSUI | $1.09 | −7.12% | −11.00% | 33.35% | -- | $6.70 M | $17.48 | |||
11706 lrtsSOL 11706Adrastea lrtsSOL | $118.11 | −3.23% | −9.70% | 0.57% | -- | -- | $104.43 | |||
11707 sonicSOL 11707Sonic Restaked SOL | $117.73 | −4.60% | −11.64% | 2.21% | -- | -- | $3,795.11 | |||
11761 ABASUSDBC 11761Aave v3 aBasUSDbC | $0.9999 | 0.00% | 0.01% | 0.00% | -- | $152,555.56 | $0.00 | |||
11798 aEthUSDC 11798Aave Ethereum USDC | $0.977 | −1.15% | −0.67% | −2.25% | -- | -- | $1,376.97 | |||
11919 BIGOD 11919Bingold | $60,474.00 | −0.26% | 24.23% | 6.82% | -- | $151.19 B | $1.02 | |||
XAUt Tether Gold | $4,148.71 | 0.74% | 0.54% | −3.37% | $3.03 B | $3.43 B | $201.48 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.