The Weekly Bull-etin: No. 7

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

Stablecoin Mint / Burn Trend vs. BTC

Net weekly stablecoin mint of US$1bn, correlated with 12% increase of BTC over the past week. Net stablecoin flows over time generally track rotation of capital into sector and market sentiment (BTC used as proxy for market).

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 up 5% since over the past week to US$98 billion. RWA as a category remains stable, with TVL of US$5.6bn (up 2% since the beginning of the year).

What’s Mu?

1️⃣ Yen stablecoins are coming for the crypto market 💴

2️⃣ ParaFi Capital to tokenize $1.2B fund on Securitize 🗽

3️⃣ Tether invests $100M in agriculture firm as stablecoin competition grows 🌾

4️⃣ Malaysia’s First RWA Project Tokenizes $23 Million in Residential Properties 🏢

5️⃣ Libre launches Brevan Howard, BlackRock, Hamilton Lane funds on Aptos 💰

6️⃣ Binance Labs Backs OpenEden to Boost Real-World Asset Tokenization 🤝