Multipli rwaUSD (rwaUSD) is a crypto-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #219 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
What is rwaUSD?
Multipli rwaUSD (rwaUSD) is a crypto-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #219 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
In the issuer's words: rwaUSD is an overcollateralized stablecoin backed by liquid tokenized real-world assets, including U.S. Treasuries, stablecoins, and tokenized commodities such as gold.
rwaUSD supply history
rwaUSD supply was flat over the past 30 days. It is at or near its all-time high.
Is rwaUSD holding its peg?
rwaUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where rwaUSD lives: supply by blockchain
Supply is concentrated: X Layer holds 96% of all rwaUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How rwaUSD is backed
rwaUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Minting and redemption: rwaUSD is minted by depositing eligible liquid tokenized real-world assets as collateral, subject to asset-specific collateral ratios and risk parameters. It can be redeemed by repaying rwaUSD to unlock the corresponding collateral.
Reserve reports and audits: docs.multipli.fi
rwaUSD risks
A sharp crash in the crypto collateral can outrun liquidations and leave the system under-backed.
Bugs, governance attacks or bad price feeds can drain collateral or trigger wrongful liquidations.
With $1.0M in circulation, exiting a large position may move the price. Redemption may be limited to approved customers.
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
rwaUSD vs USDT and USDC
Similar crypto-backed stablecoins
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rwaUSD FAQ
What is rwaUSD?
Multipli rwaUSD (rwaUSD) is a crypto-backed US dollar stablecoin. It has about $1.0M in circulation, ranking #219 among the stablecoins CoinScoop tracks, and runs on 6 blockchains.
Is rwaUSD pegged 1:1 to the US dollar?
rwaUSD targets 1 USD. At the last update it traded at $1.0000, a deviation of 0.00%, which we classify as "on peg".
What backs rwaUSD?
rwaUSD is a crypto-backed stablecoin. rwaUSD is minted against crypto collateral locked in smart contracts, usually worth more than the stablecoins issued, with liquidations or hedges protecting the peg.
Which blockchains is rwaUSD on?
rwaUSD is live on 6 blockchains. The largest by supply are X Layer ($1.0M), Ethereum ($43K), Base ($13).
How much rwaUSD is in circulation?
About $1.0M of rwaUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #219 stablecoin by supply among those we track.
Is rwaUSD safe?
No stablecoin is risk-free. As a crypto-backed design, rwaUSD's main risks are falls in collateral value that outpace liquidations, smart-contract and oracle failures, and, for hedged designs, negative funding rates or exchange counterparty risk. Its supply is small, so liquidity can be thin. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.