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Fastest-Growing Stablecoin and RWA Issuers in 2025: TVL Surge Insights

Fastest-Growing Stablecoin and RWA Issuers in 2025: TVL Surge Insights

Hey there, crypto enthusiasts! If you're diving into the world of blockchain and meme tokens, understanding the backbone of the ecosystem—like stablecoins and real-world assets (RWAs)—is key. These aren't just boring old stable pegs; they're the fuel for trading, liquidity, and even those wild meme coin pumps. Today, we're breaking down a fresh tweet from Token Terminal that highlights the fastest-growing stablecoin and RWA issuers based on their total value locked (TVL) over the past 30 days.

First off, let's clarify TVL—it's short for Total Value Locked, which essentially measures the amount of assets deposited or collateralized in a protocol. Think of it as a gauge of user trust and adoption: higher TVL often means more people are parking their funds there. Token Terminal filtered this list to include only projects with TVL above $100 million, focusing on percentage growth to spotlight the real movers.

The data paints an exciting picture of institutional and innovative players ramping up in the space. Here's the rundown of the top performers:

  • WisdomTree: Leading the pack with a whopping 91.0% TVL increase to $919.1M. As a real-world asset issuer, WisdomTree is bridging traditional finance with blockchain, tokenizing things like bonds or equities.

  • Ethena (ENA)​: Up 84.5% to $11.6B. This stablecoin issuer is known for its synthetic dollar, USDe, which uses hedging strategies to maintain stability without traditional backing.

  • Global Dollar Network: A 73.9% jump to $536.7M. They're focused on stablecoins pegged to global currencies, aiming for seamless cross-border use.

  • PayPal: Gaining 37.6% to $1.2B. Yeah, the payments giant is in crypto now with PYUSD, their USD-backed stablecoin, showing how Web2 giants are embracing blockchain.

  • Agora (AUSD)​: Up 28.7% to $118.1M. Another stablecoin player emphasizing compliance and real-world utility.

Screenshot of Token Terminal's fastest-growing stablecoin and RWA issuers by TVL

Scrolling further down the list, we see heavy hitters like OpenEden (+27.1% to $203.9M), Blockchain Capital (+15.8% to $248.7M), and even Circle (-6.4% to $67.1B—still massive but cooling off). Interestingly, some like Tether saw a slight dip (-3.4% to $168.7B), but they're still dominating the overall market.

Why does this matter for meme token fans? Stablecoins provide the liquidity pools and on-ramps needed for trading volatile assets like memes. A surge in RWA issuers could mean more tokenized real estate or stocks flowing into DeFi, creating new opportunities for meme-inspired projects to integrate or leverage these assets. Plus, with TVL growth signaling confidence, it might hint at broader bull market vibes ahead.

If you're building or investing in the meme space, keep an eye on these trends via platforms like Token Terminal. Tools like this help demystify the data, letting you spot where the smart money is heading. What's your take—will RWAs supercharge meme adoption? Drop your thoughts below!

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