The tokenized U.S. Treasury market is close to $2.4 billion, and the size of Ondo's yield-based stablecoin USDY is second only to BlackRock's BUIDL

Odaily News According to data from RWA monitoring platform RWA.xyz, as of November 15, the tokenized U.S. Treasury market size was close to $2.4 billion, and currently stands at $2.38 billion. Among them, BlackRock's BUIDL fund is worth $541 million, ranking first; Ondo Finance's yield-based Treasury stablecoin USDY ranks second with a size of $452 million; Franklin Templeton's FOBXX fund ranks third with a size of $410 million. Ondo Finance's total TVL (tokenized U.S. Treasury market value) is approximately $653.57 million (including OUSG and USDY), ranking first among all protocols. In addition, the market value of U.S. Treasury tokens on the Ethereum chain is approximately $1.6 billion, ranking first among all networks, followed by Stellar (approximately $393 million).