The market value ratio of tokenized funds to stablecoins has increased nearly fourfold, from $2.99 per $100 two years ago to $11.39 per $100. The current total market value of stablecoins is about 300 billion US dollars, and tokenized physical assets account for about 10% to 17%. Circle's USYC is about US $2.5 billion to US $3 billion, BlackRock BUIDL is about US $2.2 billion to US $2.7 billion, Ondo USD is about US $2.1 billion to US $2.3 billion, and token treasury bond bonds and money market funds total US $15 billion to US $33 billion. JPMorgan estimates that it accounts for about 5% of the stablecoin ecosystem, and if the issues of transferability and cross platform interoperability are not resolved, the proportion is unlikely to exceed 10% to 15%. (Source: Crypto Briefing)
