RWA Stablecoin Market

The RWA Stablecoin Market on ZeroLend allows users to lend and borrow real-world-asset (RWA) backed stablecoins. These stablecoins are typically pegged to fiat currencies (e.g., USD) and backed by tokenized collateral—such as government bonds, cash equivalents, or other traditional financial instruments—held in reserve.

Key Characteristics

  • High Loan-to-Value (LTV) Ratios: RWA stablecoins often allow higher LTV ratios because they are backed by tangible assets.

  • Competitive Yield Opportunities: Users supplying RWA stablecoins can receive APYs based on market demand, as well as any partner rewards or incentives.

  • Reduced Volatility: Because they are pegged to real-world reserves, most RWA stablecoins are designed to maintain price stability (e.g., 1:1 to USD).


Supported Assets

Below is an illustrative list of RWA stablecoins in the market. Actual availability may vary over time:

Asset Name
Symbol

USD Coin

USDC

Tether

USDT

ether.fi USD

eUSD

Staked USDe

USDe

Usual USD

USUD

USDO Liquid Bond

USDO++

USDS Stablecoin

USDS

ZAI Stablecoin

ZAI

YieldFi Stable Token

yUSD

Syrup USDC

Syrup USDC

PT Ethena sUSDe 27MAR2025

PT-sUSDe

The above list is static and needs manual updating. Always check our RWA Stablecoin Markets to confirm which stablecoins are currently supported.


Lending (Supplying) RWA Stablecoins

  1. Navigate to the RWA Stablecoin Market

  2. Choose a Stablecoin

    • Review the available RWA stablecoins to see their supply APY and any additional reward icons (e.g., partner tokens, Zero Gravity Points).

  3. Supply Your Tokens

    • Click “Details” to open the asset-specific page.

    • Enter the amount of the chosen stablecoin you want to supply.

    • Confirm the transaction via your connected wallet.

  4. View Earned Rewards

    • Once supplied, track your APY in real-time within the ZeroLend interface.

    • Some assets may have extra incentives or rewards (e.g., from Merkle, Pendle PT, or $ZERO boosts).

Redeeming Your Supplied Tokens

  • At any time, you can withdraw supplied stablecoins by selecting “Withdraw” on the asset’s page.

  • Ensure any outstanding debts or other constraints (like lockup periods on partner tokens) have been addressed.


Borrowing RWA Stablecoins

  1. Collateral Setup

    • Before borrowing, deposit a supported collateral asset (which can be a crypto token or another RWA stablecoin) into ZeroLend.

    • Review the health factor or collateral ratio associated with each asset.

  2. Select an RWA Stablecoin to Borrow

    • In the RWA Stablecoins Market, click “Details” next to the stablecoin you wish to borrow.

    • The Borrow APY, maximum borrow limit, and any additional terms will be displayed.

  3. Execute Borrow Transaction

    • Enter the desired borrow amount (up to your limit).

    • Confirm the transaction via your connected wallet.

  4. Manage Your Position

    • Monitor the health factor to avoid liquidation if your collateral value fluctuates.

Repaying Borrowed Amount

  • Go to the same stablecoin’s “Details” page to repay the borrowed amount.

  • After repayment, your collateral is unlocked (assuming no other outstanding debts).


RWA Stablecoin Market Benefits

  1. Stable Value

    • RWA stablecoins are designed to maintain value relative to real-world assets (often $1), helping to reduce volatility.

  2. Diverse Backing

    • Assets may be backed by Treasuries, fiat, or a combination of yield-generating strategies, providing a variety of risk profiles.

  3. Potential for Higher Yields

    • Certain RWA stablecoins integrate with yield protocols or partner reward systems, offering more competitive returns than standard stablecoins.

  4. Flexible Borrowing Options

    • Higher LTV ratios may be possible if the stablecoin’s backing is considered lower risk, giving borrowers more flexibility than in crypto-only markets.


Risk Considerations

  • Collateral Liquidation: If the value of your collateral drops or if borrow APYs become unfavorable, a liquidation event may occur.

  • Backing Transparency: RWA stablecoins rely on verifiable real-world reserves. It is recommended to review the documentation of each stablecoin issuer to understand audits, reserve holdings, or redemption processes.

  • Smart Contract Vulnerabilities: All lending interactions involve smart contracts. While ZeroLend employs security audits, no system is entirely risk-free.


Getting Started

  1. Connect Your Wallet

  2. Review Market Details

    • Check the RWA Stablecoins Market for APYs, borrowing rates, and any active incentive programs.

  3. Approve & Execute Transactions

    • When supplying or borrowing, grant approval for the stablecoin in your wallet, then finalize the transaction.

  4. Manage Ongoing Positions

    • Periodically review your supply/borrow positions. Adjust based on updated APYs, collateral ratios, or market conditions.

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