Binance's new #Launchpool, #Usual, which is about to be launched, is an RWA stablecoin issuance protocol.
After a little research, I found that its underlying logic requires that it must be based on RWA assets. At present, to mint its stablecoin USD0, RWA assets are required for collateral.
Even if the existing stablecoins USDC or USDT are used for collateral casting, they still have to rely on third-party RWA service providers to complete the minting of USD0.
Speaking of which, now apart from #MEME, stablecoins are probably the most profitable track, 🤣.
When I was studying RWA before, I saw many articles that classified the stablecoins backed by real assets into the RWA category.
However, a closer analysis will reveal that USDT and USDC are fiat-collateralized stablecoins, not typical RWA stablecoins. Their value support comes from fiat currency reserves, not directly from the tokenization of physical assets.
