The Tether-US dollar stablecoin’s market capitalization has topped $126 billion, as approximately $7 billion in new USDt was minted.
RWA Tokenization news
The tokenized money market fund will launch on nearly half a dozen new blockchain networks.
Demand is surging for tokenized RWAs offering low-risk yield from Treasury bills.
The RWA sector could see an over 50-fold increase by 2030, potentially reaching over $30 trillion, according to the world’s largest consulting firms.
According to financial services firm Standard Chartered, real-world asset tokenization could reach a $30 trillion market cap by 2030.
The Monetary Authority of Singapore is pulling together the projects and participants needed for the next step in its asset tokenization trials.
The US Treasury is especially keen on distributed ledger technology (DLT) for payments, settlement and clearing.
Franklin Templeton says this is the first tokenized money fund to launch on Coinbase’s layer-2 network.
The United States Treasury Department is taking an interest in stablecoins and tokenization.
Libeara and FundBridge Capital bring US Treasury investments onchain with the Ultra Fund, boosting blockchain finance.