The Real World Asset (RWA) market has reached a total market capitalization of over $21.2 billion, with more than 630,000 holders. While the market value of stablecoins remains unchanged, their monthly transaction volume has surged by 45.63%, with a turnover rate of 27.3 times. This divergence is noteworthy: RWA growth is driven by an expanding user base, whereas stablecoins benefit from accelerated circulation of existing funds. The former follows a growth logic, while the latter reflects improved efficiency. The U.S. CLARITY Act hearing has been postponed, leaving regulatory uncertainty as a looming concern. Jack Kong, CEO of Nano Labs, posted on X.