Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets.
Mantle's Asset Base Approaches $880 Million
Blockworks Research data shows that Mantle's stablecoin circulating supply has reached approximately $550 million, while tokenized assets on the network account for another $330 million. The two categories place the combined value at about $880 million. Unlike networks built mainly around one class of real-world assets, Mantle's tokenized supply covers commodities, stocks, U.S. Treasuries, yield-bearing stablecoins, a pre-IPO vault and the MI4 tokenized fund. Blockworks counts 985 distinct tokenized assets across the network.
Andrew Forson, president of DeFi Technologies, said regulated tokenization systems could help jurisdictions retain investment activity rather than allowing capital to move elsewhere. This growth builds on the Mantle RWA yield offering expansion from CeFi to DeFi we covered earlier.
USDT0 Accounts for 80% of Stablecoin Supply
Stablecoins provide most of the liquid capital available within the two categories. Their combined circulating supply stands at approximately $553.7 million, with USDT0 accounting for $440.03 million. USDe ranks second with $57.93 million, followed by USDC at $34.15 million and conventional USDT at $12.96 million. Calculated from the displayed figures, USDT0 represents close to 80% of Mantle's stablecoin supply, meaning most of the network's dollar-linked liquidity comes from one asset.
Recent flows have added to the two largest positive movers. The dashboard recorded a daily USDT0 net inflow of $18.42 million and a USDC inflow of $9.94 million. Over 30 days, USDC supply increased 33.93%, while USDT0 rose 9.51%. Smaller tokens posted faster percentage growth from lower starting levels. GHO supply climbed 203.5% during the same period, while World Liberty Financial's USD1 rose 190.89%. This stablecoin growth parallels the broader RWA market expansion, including the World Liberty USD1 launch on Canton Network.
Tokenized Equities Have Expanded to 155 Products
Equities have become a larger part of Mantle's tokenized-asset catalog. Nansen counted 155 tokenized equities on the network at the end of June, up from only 10 in April. The selection includes instruments tied to public companies, private businesses, and exchange-traded funds. Nansen identified products linked to SpaceX and Franklin Templeton's U.S. Equity Index ETF among the available assets. In November 2025, Mantle integrated Backed's xStocks through an arrangement involving Bybit, bringing tokens linked to Apple, Nvidia and Strategy shares onto Mantle.
Stablecoin liquidity on Mantle is also being used in yield products. On Aug. 25, the network opened its RWA vault to DeFi users after an earlier version distributed through Bybit passed $200 million in assets under management. The DeFi vault accepts USDC and USDT0 through Fluxion, with CIAN designing the non-leveraged strategy and Grove connecting deposits to yield from the Sky ecosystem.
