Stablecoins and RWA are accelerating into real-world deployment: four latest signals
In recent days, several major developments have emerged at the same time, showing that stablecoins and real-world assets (RWA) are moving from narrative to practical application:
MoneyGram launches stablecoin-enabled cards
Remittance giant MoneyGram has rolled out a Visa card that supports stablecoins. The launch is in Colombia. Users can hold stable USD balances and spend in Visa-supported locations, and can also withdraw local cash at MoneyGram branches. It initially supports USDC, and later will integrate its own stablecoin, MGUSD. Real payment use cases are opening up further.
U.S. Bank completes a cross-border pilot of its own stablecoin
US Bank issued its own dollar stablecoin, USBDC, on Stellar, and completed real cross-border payment testing between entities in North America and Europe. The pilot validated core functions such as minting, redemption, and freezing, and also connected to the bank’s existing risk-control and compliance systems. Traditional banks are starting to use their own stablecoins for cross-border settlement.
Tether invests about $400 million into private credit
Tether, together with Fasanara Capital, launched a private credit fund called StableFund. The two parties anchor roughly $400 million, with the goal of attracting up to $3 billion in institutional capital. The funds will be deployed into small and mid-sized enterprises and consumer credit via a fintech network, with USDT serving as the settlement tool. Stablecoins are extending beyond payments into real-economy lending.
India’s leading warehousing company plans to put $2 billion in food loans on-chain
Arya.ag, India’s largest agricultural warehousing company, is moving around $2 billion in food warehousing, warehouse receipts, and loan status onto the blockchain (based on Avalanche) to help banks verify collateral more reliably. Real-world bulk commodities and on-chain credit are beginning to combine.
In recent days, several major developments have emerged at the same time, showing that stablecoins and real-world assets (RWA) are moving from narrative to practical application:
MoneyGram launches stablecoin-enabled cards
Remittance giant MoneyGram has rolled out a Visa card that supports stablecoins. The launch is in Colombia. Users can hold stable USD balances and spend in Visa-supported locations, and can also withdraw local cash at MoneyGram branches. It initially supports USDC, and later will integrate its own stablecoin, MGUSD. Real payment use cases are opening up further.
U.S. Bank completes a cross-border pilot of its own stablecoin
US Bank issued its own dollar stablecoin, USBDC, on Stellar, and completed real cross-border payment testing between entities in North America and Europe. The pilot validated core functions such as minting, redemption, and freezing, and also connected to the bank’s existing risk-control and compliance systems. Traditional banks are starting to use their own stablecoins for cross-border settlement.
Tether invests about $400 million into private credit
Tether, together with Fasanara Capital, launched a private credit fund called StableFund. The two parties anchor roughly $400 million, with the goal of attracting up to $3 billion in institutional capital. The funds will be deployed into small and mid-sized enterprises and consumer credit via a fintech network, with USDT serving as the settlement tool. Stablecoins are extending beyond payments into real-economy lending.
India’s leading warehousing company plans to put $2 billion in food loans on-chain
Arya.ag, India’s largest agricultural warehousing company, is moving around $2 billion in food warehousing, warehouse receipts, and loan status onto the blockchain (based on Avalanche) to help banks verify collateral more reliably. Real-world bulk commodities and on-chain credit are beginning to combine.