Tokenized funds now 10% of stablecoin market, data shows

The market for tokenized funds that pay interest on stablecoin holdings has grown to approximately $32.7 billion, accounting for about 10% of the total stablecoin market, according to Unfolded, citing data from Token Terminal. Unfolded noted that stablecoins are transitioning from a mere tool for trading cryptocurrencies into genuine interest-bearing dollar assets. The firm added that if these funds expand in a manner similar to money market funds in traditional finance, stablecoins could evolve from digital cash into a primary revenue engine.