Ant Group, JD.com and other companies have suspended plans to issue stablecoins in Hong Kong. Meanwhile, the stablecoin protocol STBL intends to mint 100 million stablecoins USS in the fourth quarter of this year.
This week, the institution-led RWA (Real World Assets) market continued to expand, with the total on-chain market capitalization exceeding 34.5 billion USD, an increase of 11.45% compared to last week.
However, the number of market issuers has only slightly increased, further highlighting the centralization trend in the RWA market. Additionally, the transaction volume of stablecoins has also seen significant growth, rising by 37.42%.
