Phyrex
Phyrex|Feb 16, 2025 15:35
There has been a lot of discussion about RWA recently, but there are still too few assets that truly represent RWA, especially AA+rated bonds such as US Treasury bonds, which currently do not have products that can be launched. US Treasury bonds are not far from being sold through normal channels in the United States and most non currency controlled countries, and the US debt ceiling continues to rise. So, how to expand the audience of US Treasury bonds and let many people who used to be unable to buy US Treasury bonds due to currency control buy them is a huge incremental market. And a large part of this market share should be given to RWA and cryptocurrency, and the basis for purchasing RWA, I don't know if there are any friends who remember what I said before, is the hard acceptance of stablecoins. The foundation of stablecoin hard acceptance is in banks. So we saw that after the SEC abolished SAB121, some banks began to announce the opening of cryptocurrency custody. Therefore, we saw that the main job of the crypto general manager is on stablecoins, and we saw the Federal Reserve calling for the improvement of stablecoin rules as soon as possible. Therefore, we saw that BlackRock and Fidelity, two Bitcoin and Ethereum holders, have started to lay out the RWA track, and both use US bonds and high-quality corporate bonds as the foundation. The most important aspect of RWA is compliance. Only with compliance can we have the opportunity to carry large-scale funds. This kind of awareness is not about writing about real estate, automobiles, second-hand industries, jewelry, and art on the blockchain, but about laying out for billions of dollars. The true RWA is DeFi 2.0, which is the bridge that enables the purchase of real assets using general stablecoins. Of course, this stablecoin may not necessarily be USDC, and it is highly likely not USDT. PS: To be irresponsible, any so-called RWA without compliance is not a true RWA, any RWA that is not based on compliant assets is not an RWA, and any RWA that cannot support Wall Street and US Treasury may not go too far. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex
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