Recently, the global financial sector is witnessing a new wave, with the integration of stablecoins and RWA (real-world assets) becoming the focus from late 2024 to mid-2025. This trend not only attracts the attention of many countries but also prompts active participation from Financial Institutions, gradually becoming the main development direction of the crypto market in the second half of the year.

Stablecoins play a vital role as a bridge connecting the crypto world with the real economy. They not only enable the digitization of the US dollar but also provide core liquidity for on-chain payments, cross-border settlements, and decentralized finance (DeFi). Governments around the world are taking action, with the United States promoting regulatory compliance for stablecoins through legislation, while places like China, Hong Kong, and Singapore are also actively positioning themselves to gain an edge in the fintech sector.

At the same time, RWA represents the innovative application of traditional financial assets on the blockchain. By tokenizing physical assets such as bonds, government bonds, gold, and bills, RWA greatly improves trading efficiency and lowers the participation threshold. This field has already attracted the attention of financial giants like Blackstone, Citigroup, and Goldman Sachs, and sovereign funds around the world are also closely following this development trend.

Currently, the mainstream RWA tokenized assets include U.S. Treasury bonds (such as projects like Backed Finance and Ondo), gold (such as Pax Gold), as well as short-term notes and cash alternatives (like MakerDAO holding U.S. Treasury bonds and T-bills via DAI). In addition, real estate, credit bonds, and carbon assets are also gradually being attempted for on-chain transformation.

For investors optimistic about the integration of encryption and real assets, some noteworthy projects include: Pendle (PENDLE), which provides a yield derivatives market for RWA and stablecoins; Maker (MKR), which, as the project behind the DAI stablecoin, was the first to obtain actual yields through RWA; INJ (Injective), which shows potential in multiple areas including stablecoins, derivatives protocols, and AI finance; and Lumia (LUMIA), although its market cap is small, it is committed to creating on-chain RWA aggregation financial tools, offering significant growth potential.

Stablecoins and RWA are not only important links between the crypto industry and the real world, but also key areas for countries to compete for the dominance of new financial infrastructure. Currently, this field is still in the early stages of layout, providing investors with a good opportunity to grasp trends and obtain potential returns. As this trend continues to develop, we have reason to expect further integration of crypto finance and TradFi, bringing more innovation and opportunities to the global financial system.