Major DeFi Protocols Adopt Tokenized Treasuries as Collateral, Blending RWA and DeFi
Using yield-bearing RWA as collateral lets DeFi users unlock liquidity without forgoing underlying yield, materially improving capital efficiency. MakerDAO and Aave have shipped or are testing integrations.
The blend introduces new risks: custody, redemption mechanics and oracle pricing of the underlying must be rigorously audited, and liquidity discounts in stress scenarios deserve attention.
The industry views RWA as the bridge bringing off-chain yield on-chain and a core narrative for DeFi’s next growth leg.
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US Stablecoin Bill Clears Senate Committee, Clarifying Issuance and Reserve Rules
The US Senate Banking Committee advanced a federal stablecoin framework requiring issuers to hold equivalent high-quality liquid reserves and undergo regular audits, offering long-sought clarity.
Tokenized US Treasuries Pass $4B as On-Chain Yield Gains Traction
With rates elevated, tokenized short-dated US Treasuries have become the most popular RWA category on-chain, crossing $4B in total market value for the first time.