The current annual interest rate on the 30-year U.S. Treasury bond is 5%, and the annual interest on $1 million is 50,000 U, which is almost 30,000 yuan per month.

The median annual per capita income in the United States in 2022 will be $26,000 after tax.

If you buy short-term currency funds, the yield will be higher. Currently, the income from Binance current financial management is only equivalent to 30% of this level.

Therefore, there is an urgent need for real-life financial assets with low risk, high liquidity and high yield to be mapped to the blockchain, that is, Rwa, so that they can serve as a reservoir of market funds.

Before this, without major technological and financial innovations, it was difficult to have stable capital inflows to drive a lasting bull market. The continued shrinkage of major stablecoins reflects this dilemma.