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🏚️ Stablecoins Crash The System?

RWA World Newsletter - June 27, 2025

Author

Ray Buckton
June 27, 2025

New week, new heights for tokenization – Ray Buckton, Head of Research at RWA World, here to dive in with you. 🥽

Standard Chartered is saying that tokenization is poised for a major expansion. But with the BIS warning that stablecoins could shake the entire system, how do we thread the financial market needle? 🧵

🎯🔥 Rapid Fire Takeaways:

It’s a hard step to dance, but so far, so good.  

Let’s see if we can keep up the tango on Tuesday and Thursday at 2 pm EDT, live on Wolf Crypto. Do you want to be part of the action? Reply ot this email or message Ray on X and let’s get you on the panel! 🐺

🏛️ Govs, Regs, and Associations

Despite the BIS warnings, the US is blazing forward with tokenization. Wyoming selected Aptos and SEI for its stablecoin pilot as Trump called for a quick passage of the GENIUS ACT (while cutting his stake in WLF by 20%). While Texas signed a strategic Bitcoin reserve bill, the SEC and NYSE are exploring an overhaul of crypto rules. 🦅

Asia again dominates, with the BoK deputy chief wanting a gradual stablecoin introduction and banks filing for trademarks (KakaoPay is up 200% on its stablecoin moves), while Korean regulators push for crypto ETFs. Japan is debating reclassifying crypto entirely. Hong Kong is setting higher bars for its stablecoin issuers in a de-dollarization shift, with the HKMA listing licensing requirements. Time will tell if the recently introduced LEAP framework will define the future. 🏙️

👛 Stablecoins

Digital dollars dominate decisively, beating out Bitcoin as a remittance tool (with Western Union feeling the burn), and analysts warning that they’ll disrupt Visa and Mastercard. We can see why – B2B stablecoin payments are up 30X to $3 billion monthly volume, and USDT supply is at a new ATH of $156.1B. That helps explain why Visa is saying every institution will need a stablecoin strategy, as questions loom over which Web2 businesses will adopt them the fastest. Stripe is leading the pack, and fintech stocks are soaring with every new stablecoin partnership announcement. 📈

📰 Tokenization Development

Never a dull moment in RWA, with Canton raising $135 million, Dubai-based SaturnX raising $3 million for its stablecoin payment network, and D3 Global launching a $1 million developer fund. And as Grayscale rolls out an investment trust focused on Space and Time’s SXT token, partnerships are flourishing: 

All these partnerships have platforms to match. Mantle has a new neo bank, UR, while JPMorgan’s JPMD token is officially launching on Base. NetXD unveiled its infrastructure platform as Bitfinex Securities launched two new UK products. Naturally, we can’t leave out BlackRock’s BUIDL being used as collateral across the Web3 landscape. 🗺️

Integrations are also skyrocketing:

🌐 RWA Sectors & Ecosystems

Progress is happening everywhere in RWA. Kazakhstan launched Central Asia’s first Solaan Economic Zone, and the ECB called XRPL a tech backbone. Bitcoin keeps capturing attention, as Sberbank launched Bitcoin-backed bonds, and Kraken now offers Bitcoin staking yield. 🦑

From a tokenized equities perspective, Republic launched tokenized SpaceX shares, and Ondo is working with Coinbase for on-chain stock trading. On the fund front, Deutsche Bank is working with DAMA 2, and pertaining to private credit, Grove is investing $1 billion in a tokenized Janus Henderson Anemon AAA CLO strategy. 📜

Physical tokenization is also moving, with American Housing Credits to adopt Bitcoin-backed mortgages. Tether is also buying an $82 million stake in a gold miner to boost USDT reserves as Matrixdock expands into silver, platinum, and palladium. ⛏️

🚀 New Heights Reached 

Another excellent week for tokenization. 

Remember that RWA World is currently offering an exciting opportunity to be part of the future of RWA data infrastructure. 

Reach out to learn more – we’re excited to scale the future of finance with you. 

Until next time!