RWA Foundation counts 717 stablecoin deployments in its latest quarterly report

The RWA Foundation’s latest quarterly report puts the number of stablecoin deployments at 717. The Foundation focuses on tokenizing real-world assets, or RWAs. It works with analytics firm Token Terminal to publish regular Market Structure Reports. Those reports track tokenized assets in general and stablecoins in particular. The numbers behind the count The 717 figure needs a little context, because it sits next to a much smaller one. Market Structure Reports from late August through September 2026 list approximately 189 to 193 stablecoin assets in existence. So the deployment count is several times larger than the number of distinct assets. The likely explanation is that the two figures measure different things. An asset is the stablecoin itself. A deployment can be read as a single instance of it running somewhere, and the Foundation tracks issuers across multiple blockchains, including Ethereum and Solana. The money involved is substantial. Recent reports put the combined market capitalization of stablecoins between $298.8 billion and $301.4 billion. Total stablecoin supply is reported at approximately $302.5 billion. The Foundation describes that as modest growth compared with...