StablyticsThe Stablecoin Market Map
Directory
OpenTrade logo

OpenTrade

Stablecoin yield & RWA issuance infrastructure

Visit site

About

OpenTrade provides infrastructure that lets fintechs and platforms offer stablecoin yield products backed by real-world assets (tokenized Treasuries and credit). It reports $200M+ TVL and $250M+ transaction volume, and raised $17M in 2026 (Mercury Fund, Notion Capital), bringing total funding above $30M.

Embedded RWA-backed stablecoin yield for fintechs.

Key products

Stablecoin yield APIsTokenized RWA vaultsTokenized Treasury VaultsYield accounts

Chains

EthereumBase
Founded
2023
HQ
London, UK
Stage
Venture
Funding
$30M+ ($17M round, 2026)

Related companies

M0 logo

M0

Modular stablecoin issuance infrastructure

M0 (M^0) is modular, programmable stablecoin infrastructure that separates token logic from custody and reserves. Its Stablecoin Core and onchain orchestration give fintechs day-one liquidity (1:1 conversion vs USDC/USDT), multi-chain reach and interoperability between M0-powered tokens. It powers branded stablecoins for MetaMask (mUSD), Noble (USDN), Usual and others, with $40M Series B raised in 2025.

Issuance & OrchestrationYield-Bearing DollarsFiat-Backed Issuers
Noble logo

Noble

Cosmos appchain for native stablecoin issuance

Noble is purpose-built stablecoin and real-world-asset issuance infrastructure for the Cosmos / IBC and broader appchain ecosystem. It is the native home of USDC on Cosmos and launched USDN (powered by M0's building blocks). Noble provides issuance, distribution and interoperability rails so assets can move across connected appchains.

Stablecoin ChainsIssuance & OrchestrationBridges & Interop
Paxos logo

Paxos

Regulated stablecoin issuance & infrastructure

Paxos is a regulated blockchain infrastructure and issuance company that issues and operates stablecoins for partners — PayPal's PYUSD, Global Dollar (USDG), and its own USDP — plus tokenization and custody. As the leading regulated US issuer by program count, Paxos provides white-label issuance, minting, custody and reserve management as a service, having processed $180B+ in activity.

Issuance & OrchestrationFiat-Backed IssuersCustody & Security
Tether logo

Tether

Issuer of USDT, the largest stablecoin

Tether issues USDT, the world's largest dollar stablecoin with the dominant share of total stablecoin market cap. It also issues EURT, the gold-backed XAUT, and the US-regulated USAT. Tether's reserves are heavily allocated to US Treasuries and it has become one of the most profitable companies in crypto.

Fiat-Backed IssuersYield-Bearing DollarsIssuance & Orchestration
Agora logo

Agora

Digital dollar issuance with white-label stablecoins

Agora issues AUSD, a yield-sharing digital dollar, and offers a white-label issuance service letting partners launch self-branded stablecoins that share AUSD's reserves, liquidity and interoperability. Its reserve fund (cash, repo and short-term Treasuries) is managed with VanEck and State Street. Agora raised a $50M Series A led by Paradigm in 2025.

Issuance & OrchestrationFiat-Backed IssuersYield-Bearing Dollars
Anemoy logo

Anemoy

On-chain tokenized US Treasury fund issuer

Anemoy is a tokenized real-world-asset fund issuer founded in 2023 by Martin Quensel and Anil Sood, building fully on-chain funds on Centrifuge's blockchain. Its flagship product, now the Janus Henderson Anemoy Treasury Fund (JTRSY) managed in partnership with Janus Henderson Investors, invests in short-term US Treasury bills and has grown to hundreds of millions in assets. JTRSY received an AA+f/S1+ rating from S&P Global, the highest assigned to a tokenized fund.

RWA & TokenizationYield-Bearing Dollars