Aave Labs plans to build a dedicated credit market for tokenized real-world assets on Avalanche, with USA₮, the dollar stablecoin issued by Tether and Anchorage Digital Bank, as the first asset institutions can borrow against. This dedicated market would let holders borrow dollars against tokenized collateral without selling. Aave V4 on Avalanche already holds $15.9 million in deposits net of $6.8 million borrowed since its July 15 launch, and Aave holds $17.7 billion across all chains. The tokenized real-world asset market excluding stablecoins stands at $38.8 billion, up 51.9% this year.
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