The Weekly Bull-etin: No. 21

Welcome to Mu Digital's Weekly Bull-etin! We are bringing you the latest news and insights into real world assets ("RWA"), tokenization, stablecoins and yield products in the Web3 and Decentralized Finance ("DeFi") industry. Follow us to keep updated!

Mu-sings from the Editor

Gmu,

While the holiday season is upon us - the RWA market isn’t sleeping.

Binance Labs has announced its Series A investment in Usual, a decentralized stablecoin issuer. Usual's model features stablecoins backed by real-world assets, emphasizing community ownership and governance. This partnership aims to innovate the stablecoin sector by distributing 90% of $USUAL tokens to users.

Allo.xyz has obtained $100 million in debt financing to expand its Bitcoin-backed lending platform. This credit facility, provided by undisclosed institutional lenders, will support the growth of Allo's lending services, which use Bitcoin as collateral. Additionally, the platform recently secured $2 million in seed funding.

Until next time,

LA Yepez

What’s Mu?

1️⃣ Binance Labs invests in Usual to Redefine Stablecoins with Community-First Innovation

2️⃣ Allo Secures $100 Million in Debt Financing to Expand Bitcoin-Backed Lending Platform

3️⃣ Agridex settles first-ever transaction on Solana

4️⃣ Michael Saylor Proposes US Digital Assets Framework, Backs Bitcoin Reserve Capable Of Generating $16–$81 Trillion In Wealth

5️⃣ OKX Ventures Invests in USUAL to Revolutionize Stablecoin Ecosystem

Charts of the Week

Onchain Yield Alternatives

Delta neutral yields continued weekly decline to 10%, amid sideways crypto markets. Onchain native yield alternatives (AAVE and DAI) continue to remain more attractive than US Treasuries.

DeFi TVL Trends

DeFi Total Value Locked (TVL) closed 2024 at US$160 billion - a 2.5x increase over the last 6 months. RWA as a category increased 1.5x over the same period. We remain bullish on RWA’s potential to continue to grow momentum and onboard new users into the new year.

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