KAUT1$133.032.95%3.0% APY
KAGT1$60.851.20%0.1% APY
C1USDT2$1.0010.40%7.5% APY
USDCT2$1.000.01%0.0% APY
USDTT2$1.000.00%0.0% APY
BUIDLT2$1.0000.00%3.5% APY
BSTBLT2$1.000.00%0.0% APY
BRSRVT2$1.000.00%0.0% APY
USDYT2$1.140.71%3.5% APY
sUSDeT4$1.240.02%3.7% APY
KAUT1$133.032.95%3.0% APY
KAGT1$60.851.20%0.1% APY
C1USDT2$1.0010.40%7.5% APY
USDCT2$1.000.01%0.0% APY
USDTT2$1.000.00%0.0% APY
BUIDLT2$1.0000.00%3.5% APY
BSTBLT2$1.000.00%0.0% APY
BRSRVT2$1.000.00%0.0% APY
USDYT2$1.140.71%3.5% APY
sUSDeT4$1.240.02%3.7% APY
Home/Directory/BSTBL
BS

BlackRock Stablecoin

BSTBL
Ethereum
Low Risk
75T2
Tokenized TreasuriesStablecoins
B+75/100
Trust Score
Tier 2 · Treasury & Fiat-Backed
How it's scored
Earn on BlackRock / Securitize
$1.0000+0.00% (24h)APY: 0.00%
$124h Range$1
Market Cap
$50.00M
Fully Diluted Val
$50.00M
24h Trading Vol
--
Circulating Supply
50.00M
Total Supply
50.00M
Max Supply
∞
OverviewYieldRisk & Score
About BSTBL

BSTBL is a proposed BlackRock tokenized stablecoin filed with Securitize, backed by money market fund shares holding US Treasuries, repo and cash. It targets an institutional, yield-bearing dollar substitute settled on-chain, but the filing is pending and the token is not yet liquid, with institutional-only access and a redemption window still to be defined. BSTBL carries a provisional RWTS Trust Score of 75/100 (Tier 2), reflecting BlackRock's reserve quality offset by an unproven launch, undefined redemption terms, and no track record. We will re-rate it once the product goes live and reserves are independently attested.

Backing
Money market fund shares (US Treasuries, repos, cash)
Protocol
BlackRock / Securitize
BSTBL profile
Issuer / protocol
BlackRock / Securitize
Backing
Money market fund shares (US Treasuries, repos, cash)
Redemption / lock-up
Institutional-only at launch. Redemption window TBD.
Audit & proof of reserves
Independently audited
Availability
Global
Chain
Ethereum
Tier
Tier 2 — Treasury & Fiat-Backed

Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.

Yield Calculator
$
Daily Earnings
$0.00
Monthly Earnings
$0.00
Yearly Earnings
$0.00

Calculations are indicative. Actual yields may vary.

Info
Website
securitize.io
ChainsEthereum
Categories
Tokenized TreasuriesStablecoinsInstitutional
APY History
Loading chart data...

Price data from CoinGecko. Not financial advice.

Yield Range Analysis
Current APY
0.00%
Min APY
--
Max APY
--
Projected Earnings on $10,000
30 Days
$0.00
90 Days
$0.00
6 Months
$0.00
1 Year
$0.00

Projections assume constant APY of 0.00%. Actual returns may vary. Not financial advice.

RWTS Trust Score: 75/100
Back22/25PoR14/20Redeem9/15Audit12/15Reg15/15Track3/10
Backing22/25
Verification14/20
Redeemability9/15
Security12/15
Regulation15/15
Track Record3/10
Total75/100
Systemic & dependency risk

Beyond BSTBL's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.

Dependency map

What this and similar assets are built on, and where contagion could spread.

Downgrades & blowups

The depegs, defaults, and exploits that inform the Track Record dimension.

Liquidity read: TVL of $50.00M indicates developing on-chain liquidity. Lock-up: Institutional-only at launch. Redemption window TBD..

RWTS Tier Classification
Tier 1: Physically-Backed RWA
Tier 2: Treasury & Fiat-Backed
Backed by government securities or fiat reserves with institutional-grade custody.
Tier 3: Secured DeFi
Tier 4: Synthetic & Structured

Is BSTBL safe?

BSTBL (BlackRock Stablecoin) scores 75/100 on the independent RWTS Trust Score, which places it in Treasury & Fiat-Backed (Tier 2). Tier 2 is strong: institutional or fiat backing with solid verification, a notch below fully-reserved physical assets. Backing: Money market fund shares (US Treasuries, repos, cash). It is independently audited. The score reflects backing, verification, redeemability, audit, regulatory standing, and track record, not headline yield. We rate. You decide.

How the Trust Score worksWhy this rating is independent

Compare BSTBL

Head to head on the Trust Score with similar assets.

BSTBL vs BUIDLBSTBL vs BRSRVBSTBL vs USDY