Backed Tokens
0.24%
0.0%24h Change
7d Change
| 7d Chart | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
21 USDE 21Ethena USDe | $1.00 | 0.04% | −0.03% | −0.03% | $4.62 B | $4.61 B | $76.72 M | |||
45 PAXG 45PAX Gold | $4,064.77 | 3.31% | 0.62% | −1.84% | $1.82 B | $1.82 B | $59.06 M | |||
269 SPYX 269SP500 xStock | $768.86 | 1.76% | −0.24% | −0.50% | $71.93 M | $221.16 M | $10.48 M | |||
401 YUSD 401Aegis YUSD | $0.9978 | −0.35% | −0.03% | −0.20% | $40.57 M | $40.57 M | $407,732.47 | |||
899 AAPLX 899Apple xStock | $354.07 | 6.60% | 2.30% | 5.97% | $12.54 M | $236.04 M | $15.79 M | |||
946 KYSOL 946Kyros Restaked SOL | $125.90 | 2.73% | −5.10% | −20.29% | $11.37 M | $11.37 M | $728.22 | |||
1059 AllBTC 1059Osmosis allBTC | $80,321.00 | 3.64% | −0.22% | 6.02% | $9.08 M | $9.08 M | $6,716.40 | |||
1204 MAUSDC 1204Matic Aave Interest Bearing USDC | $1.22 | 1.67% | −0.81% | −5.43% | $7.00 M | $7.00 M | $2.11 | |||
1269 RE7WETH 1269Re7 WETH | $2,543.95 | 5.76% | 4.14% | −10.01% | $6.19 M | $6.19 M | $0.00 | |||
1292 VDOGE 1292Venus DOGE | $0.001564 | 2.03% | −2.48% | −19.11% | $5.82 M | $5.82 M | $0.00 | |||
1496 CBAT 1496cBAT | $0.002851 | 8.47% | 0.22% | 32.97% | $4.11 M | $169.69 M | $0.00 | |||
1633 OBTC 1633BoringDAO BTC | $75,855.80 | −0.20% | −2.03% | −15.18% | $3.19 M | $3.19 M | $12.91 | |||
1824 XSUSHI 1824xSUSHI | $0.3061 | 0.72% | −4.97% | −22.57% | $2.39 M | $18.69 M | $3,345.53 | |||
1831 FLRETH 1831Flare Staked Ether | $2,592.45 | 5.78% | 4.12% | −11.14% | $2.36 M | $2.36 M | $5,441.58 | |||
1920 SOL 1920Osmosis allSOL | $95.80 | 2.89% | −5.11% | −20.64% | $2.04 M | $2.04 M | $157.27 | |||
2033 FLETH 2033flETH | $2,429.61 | 5.97% | 4.24% | −9.65% | $1.71 M | $1.71 M | $12,869.32 | |||
2119 RAI 2119Rai Reflex Index | $3.09 | 6.92% | −2.22% | 3.69% | $1.54 M | $1.54 M | $10,905.38 | |||
2144 CUNI 2144cUNI | $0.1566 | 4.74% | 8.61% | −15.05% | $1.47 M | $1.47 M | $0.00 | |||
2505 ETH 2505Osmosis allETH | $2,425.15 | 5.81% | 3.99% | −10.08% | $927,891.18 | $927,891.18 | $54,253.00 | |||
2684 UUSDC 2684Universal USDC | $2.09 | 0.00% | 0.00% | 0.00% | $755,762.80 | $755,762.80 | $0.00 | |||
2802 USDT 2802Osmosis allUSDT | $0.9993 | 0.02% | 0.02% | −0.06% | $662,635.18 | $662,635.18 | $3,489.36 | |||
3047 PBTC 3047pTokens BTC [OLD] | $63,840.53 | 56.94% | 33665.13% | 43324.32% | $502,757.19 | $502,757.19 | $848.89 | |||
3548 CASH 3548Opus CASH | $0.9941 | 0.10% | −0.05% | 0.50% | $307,386.06 | $124.97 M | $59,998.00 | |||
3762 CZRX 3762c0x | $0.002047 | 2.95% | −2.54% | −21.65% | $245,453.18 | $245,453.18 | $0.00 | |||
4113 USDFC 4113USDFC | $1.00 | 0.52% | 5.33% | −1.38% | $176,941.37 | $176,941.37 | $33,546.00 | |||
4379 MUSD 4379Meta USD | $1.00 | 0.40% | −0.20% | −4.46% | $143,412.06 | $143,412.06 | $1,872.15 | |||
4644 OS 4644Origin Sonic | $0.04053 | 5.32% | −12.04% | 0.94% | $112,953.58 | $112,953.58 | $999.76 | |||
6481 MEUSD 6481Morpho eUSD | $1.03 | 0.00% | 0.48% | 0.39% | $28,481.22 | $28,481.22 | $0.00 | |||
6750 CGHS 6750cGHS | $0.08619 | 0.83% | 0.26% | 1.29% | $23,522.25 | $23,522.25 | $613.94 | |||
7457 WSTETH 7457Bridged Wrapped stETH | $3,025.12 | 5.55% | 4.07% | −9.45% | $13,309.29 | $13,309.29 | $4.20 | |||
7490 REUSDC 7490Relend USDC | $0.01839 | 0.13% | 0.77% | 2.63% | $12,903.92 | $12,903.92 | $0.00 | |||
8827 FXUSDC 8827f(x) Protocol Morpho USDC | $1.08 | 0.00% | 0.00% | −0.09% | $3,622.45 | $3,622.45 | $0.00 | |||
8888 RE7USDC 8888Re7 USDC | $1.04 | 0.00% | 0.00% | 0.00% | $3,261.76 | $3,261.76 | $0.00 | |||
9115 RE7FRAX 9115Re7 FRAX | $1.01 | 0.10% | 0.10% | −0.10% | $937.04 | $937.04 | $0.00 | |||
9158 MMAI 9158Morpho MAI | $1.04 | 0.10% | 0.19% | 0.00% | $324.68 | $324.68 | $0.00 | |||
9179 STEAKWBTC 9179Steakhouse WBTC Morpho Vault | $80,347.00 | 3.54% | −0.13% | −5.80% | $80.21 | $80.21 | $0.00 | |||
9263 ADAI 9263Aave DAI | $1.00 | 0.10% | 0.30% | −0.41% | -- | $5.46 M | $0.00 | |||
9269 ABAT 9269Aave BAT | $0.138 | 9.93% | −0.60% | 35.26% | -- | $336,111.55 | $0.00 | |||
9270 ASNX 9270Aave SNX | $0.18 | 1.91% | −9.21% | −28.11% | -- | $125,373.42 | $0.00 | |||
9271 ALINK 9271Aave LINK | $11.50 | 3.60% | 0.09% | −18.41% | -- | $87.19 M | $0.00 | |||
9272 ATUSD 9272Aave TUSD | $1.00 | 0.10% | 0.30% | −0.38% | -- | $2.46 M | $0.00 | |||
9273 AKNC 9273Aave KNC | $0.1402 | 0.10% | 0.25% | −2.70% | -- | $3,964.13 | $0.00 | |||
9274 AZRX 9274Aave ZRX | $0.09814 | 0.10% | 0.25% | −23.04% | -- | $12,260.40 | $0.00 | |||
9275 AMKR 9275Aave MKR | $1,560.33 | 3.44% | 4.11% | −26.62% | -- | $2.68 M | $0.00 | |||
9276 ASUSD 9276Aave SUSD | $0.3782 | 0.10% | 0.25% | −11.63% | -- | $88,138.90 | $0.00 | |||
9277 AMANA 9277Aave MANA | $0.07552 | 4.36% | −3.04% | −27.69% | -- | $14,955.09 | $0.00 | |||
9278 ABUSD 9278Aave BUSD | $0.9972 | −0.08% | −0.10% | −0.64% | -- | $283,712.37 | $0.00 | |||
9279 AUSDT 9279Aave USDT | $0.9991 | 0.10% | 0.14% | −0.52% | -- | $11.61 M | $0.00 | |||
9280 AWBTC 9280Aave WBTC | $80,385.00 | 4.01% | 0.13% | −5.65% | -- | -- | $0.00 | |||
9281 AUSDC 9281Aave USDC | $1.05 | 6.72% | 5.51% | 37.70% | -- | $21.61 M | $3.29 | |||
9293 RENBTCCURVE 9293LP renBTC Curve | $82,449.00 | 3.51% | −0.20% | −5.76% | -- | $5.58 M | $0.00 | |||
9302 AREN 9302Aave REN | $0.003301 | 0.10% | 0.25% | 12.24% | -- | $199.67 | $0.00 | |||
9303 AENJ 9303Aave ENJ | $0.04612 | −0.19% | −0.05% | 38.90% | -- | $6,434.02 | $0.00 | |||
9316 3CRV 9316LP 3pool Curve | $1.09 | 3.87% | 6.59% | 4.37% | -- | $190.11 M | $2,428.59 | |||
9324 WZEC 9324Wrapped Zcash | $145.95 | 47.78% | 26.85% | 13.79% | -- | $79,233.26 | $14.03 | |||
9372 AUSDC 9372Aave USDC v1 | $1.00 | 0.10% | 0.31% | −0.41% | -- | -- | $0.00 | |||
9373 ATUSD 9373Aave TUSD v1 | $1.00 | 0.10% | 0.30% | −0.38% | -- | -- | $0.00 | |||
9374 ALINK 9374Aave LINK v1 | $11.51 | 3.22% | 0.35% | −18.04% | -- | $2.75 M | $0.00 | |||
9375 AMKR 9375Aave MKR v1 | $1,563.91 | 3.44% | 4.11% | −26.67% | -- | $57,215.47 | $0.00 | |||
9376 ASNX 9376Aave SNX v1 | $0.1804 | 2.21% | −8.95% | −28.11% | -- | $9,545.47 | $0.00 | |||
9377 ASUSD 9377Aave SUSD v1 | $0.3782 | 0.10% | 0.25% | −11.63% | -- | $43,195.35 | $0.00 | |||
9378 AMANA 9378Aave MANA v1 | $0.07552 | 4.36% | −3.04% | −27.69% | -- | $4,247.27 | $0.00 | |||
9379 AZRX 9379Aave ZRX v1 | $0.09814 | 0.10% | 0.32% | −23.04% | -- | $6,540.80 | $0.00 | |||
9380 AKNC 9380Aave KNC v1 | $0.1402 | 0.10% | 0.12% | −2.70% | -- | $7,030.96 | $0.00 | |||
9381 AETH 9381Aave ETH v1 | $2,356.19 | 19.24% | 2.83% | 2.10% | -- | $7.22 M | $52.65 | |||
9382 ABUSD 9382Aave BUSD v1 | $0.9972 | 0.22% | 0.20% | −0.64% | -- | $297,171.58 | $0.00 | |||
9527 CVXCRV 9527Convex CRV | $0.1106 | 4.73% | −18.15% | −25.97% | -- | $3.51 M | $13,043.41 | |||
10684 USDT 10684Bridged USDT | $0.9994 | 0.03% | 0.02% | −0.06% | -- | -- | $4.03 M | |||
10698 USDC.E 10698USDC Bridged | $0.9997 | 0.01% | 0.00% | −0.04% | -- | -- | $985,587.00 | |||
10967 GUSDC 10967Gains Network USDC | $1.44 | 7.70% | 11.78% | 14.58% | -- | $2.90 M | $97.41 | |||
11088 BTC.B 11088Avalanche Bridged BTC (Arbitrum One) | $80,293.72 | 3.26% | 0.28% | −5.20% | -- | $545,890.88 | $267.20 | |||
11104 STEAKUSDT 11104Steakhouse USDT Morpho Vault | $1.14 | 0.00% | 0.88% | 0.88% | -- | $76.39 M | $0.00 | |||
11110 RE7TBTC 11110Re7 tBTC | $80,314.00 | 3.53% | −0.25% | −5.84% | -- | -- | $0.00 | |||
11142 SSUI 11142sSUI | $1.04 | 9.31% | 1.94% | −22.30% | -- | $6.41 M | $25.75 | |||
11148 lrtsSOL 11148Adrastea lrtsSOL | $109.32 | 1.84% | −7.73% | −22.17% | -- | -- | $386.73 | |||
11149 sonicSOL 11149Sonic Restaked SOL | $110.26 | 2.63% | −8.04% | −22.35% | -- | -- | $138.99 | |||
11200 ABASUSDBC 11200Aave v3 aBasUSDbC | $0.9998 | 0.02% | 0.01% | −0.01% | -- | $149,924.44 | $0.00 | |||
11232 aEthUSDC 11232Aave Ethereum USDC | $1.04 | 3.46% | 5.71% | 4.92% | -- | -- | $360.67 | |||
11348 BIGOD 11348Bingold | $61,602.00 | 34.90% | 0.10% | −13.91% | -- | $154.01 B | $6.53 | |||
XAUt Tether Gold | $4,052.81 | 3.31% | 0.40% | −2.09% | $3.04 B | $3.35 B | $139.70 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.