Stellar's $300 million RWA market faces a $2 million DeFi gap

Stellar's monetized real world assets (RWA) market increased from about $785 million in January to over $3 billion in July, but only over $2 million went to the Blend pool where RWA was received. Redstone ' s latest report shows that Stellar ' s RWA market grew almost fourfold between January and July, driven mainly by monetized money market funds, United States Treasury products and corporate credit. The value of multiple single-products has reached a level that is usually associated with mature investment funds, rather than early block-chain trials. Redstone reports that Spiko ' s monetization of the United States Treasury has reached approximately $536 million, while Ondo Finance ' s USDY holds over $533 million on Stellar. USDY is a revenue asset supported by short-term United States Treasury bonds and bank demand deposits。