RWA Weekly Report|Stablecoin Market Cap Drops 4.3%; White House to Hold Another Stablecoin Yield Discussion Meeting Today (Feb 4 - Feb 10)
RWA Weekly Report: Stablecoin Market Cap Drops 4.3%; White House to Hold Another Stablecoin Yield Discussion (Feb 4-10)
The on-chain total value of Real World Assets (RWA) grew slightly from $23.96B to $24.14B, a 0.75% weekly increase. The number of asset holders rose to 842.2K. However, the stablecoin market cap fell by approximately $13.36B, a 4.3% drop, even as the number of stablecoin holders increased.
U.S. Treasury bonds remained the core RWA, growing to $9.9B. Commodity assets saw the largest weekly gain, adding ~$500M. Private credit expanded modestly, while private equity declined, reflecting cautious risk appetite.
Key events included the White House scheduling another meeting to discuss stablecoin yields. Hong Kong is finalizing its stablecoin licensing framework. China's central bank and seven other ministries issued a notice further banning virtual currency-related business activities, classifying them as illegal financial activities.
Tether invested $150M in Gold.com to boost distribution of its gold-backed token, XAUT. Ondo Finance had an ETF filing submitted for it by 21Shares. Vitalik Buterin stated that algorithmic stablecoins represent "true DeFi."
The market is characterized by steady expansion and sector rotation, with commodities and private credit leading growth.
marsbit02/10 11:29