The Weekly Bull-etin: No. 6

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!

Charts of the Week

Stable Yields

Crypto-dependent yields (USDe, Aave) continue to trade below TradFi risk free rates, as funding rates remain low / negative and there is limited speculative borrowing given range bound crypto prices.

DeFi TVL

DeFi TVL continued its downward weekly trend since May 2024. DeFi TVL is 28% down since 2024 peaks - tracking weaker crypto market momentum. RWA as a category remains stable, with TVL up 3% since the beginning of the year.

What’s Mu?

1️⃣ Mastercard enables non-custodial crypto spending in new partnership 💳

2️⃣ Major Japanese Banks Back Stablecoin Project for Cross-Border Settlements 🏯

3️⃣ Qatar Central Bank launches digital asset and tokenization framework 📜

4️⃣ Injective Launches Tokenized Index for BlackRock’s BUIDL Fund 🌐

5️⃣ Crypto native Ondo Finance Surpasses TradFi players with Latest RWA.xyz Data Integration 🚀