Mantle’s on‑chain assets reach $880 million

Mantle’s on‑chain ecosystem now holds roughly $880 million split between stablecoins and tokenized real‑world assets. The growth reflects an expanding catalog of tokenized equities, Treasury securities, commodities and yield‑bearing products.

Stablecoin composition

The network’s stablecoin supply totals about $553.7 million. USDT0 dominates with $440.0 million (≈80% of the stablecoin pool), followed by USDe ($57.9 million), USDC ($34.2 million), conventional USDT ($13.0 million), AUSD ($5.2 million), World Liberty Financial’s USD1 ($2.3 million) and Aave’s GHO ($1.2 million). Recent inflows show USDT0 gaining $18.4 million and USDC $9.9 million in a single day. Over the past 30 days USDC rose 33.9%, USDT0 9.5%, while smaller tokens such as GHO and USD1 posted over 190% growth.

Tokenized assets portfolio

Tokenized assets on Mantle are valued at roughly $330 million and cover 985 distinct tokens across six product categories, including commodities, stocks, U.S. Treasuries, a pre‑IPO vault and the MI4 tokenized fund. The tokenized equity offering expanded dramatically, from 10 products in April to 155 by late June, featuring assets linked to public companies, private firms and ETFs such as SpaceX and Franklin Templeton’s U.S. Equity Index ETF.

Yield‑bearing DeFi vault

On August 25 Mantle launched a Real‑World Asset (RWA) vault that accepts USDC and USDT0 via the Fluxion interface. The non‑leveraged strategy routes deposits to the Sky ecosystem’s sUSDS savings product, offering a target annual percentage yield of up to 6.5% plus additional incentives (Fluxion Points and GROVE tokens). The vault removes leverage‑related liquidation risk but retains exposure to smart‑contract, stablecoin price and liquidity risks.

Regulatory considerations for U.S. investors

U.S. participants must assess product eligibility, as tokenized equities on a public blockchain do not automatically satisfy federal or state securities requirements. Yield from stablecoins also raises regulatory questions under the GENIUS Act, which restricts direct interest payments by stablecoin issuers. Mantle’s vault frames returns as strategy‑generated yield from Sky’s savings mechanism rather than direct stablecoin interest.

Network scale

Blockworks Research estimates Mantle’s treasury at about $1.8 billion, cumulative spot DEX volume at $20 billion, and more than 150 deployed decentralized applications.