Web3 finance is moving from speculation to utility. Dollar-pegged stablecoins have passed roughly $275–278 billion in circulating value, tokenized U.S. Treasuries sit around $7.4 billion, and real-world assets (RWAs) excluding stablecoins are now in the mid-$20 billions. Regulation is finally catching up, with the U.S. GENIUS Act and the EU’s MiCA defining how stablecoins and service providers operate. On the…
