In 2025, the integration of stablecoins and real-world assets (RWA) is reshaping the global financial landscape. Stablecoins, which are cryptocurrencies pegged to fiat currencies or other assets, have become the "on-chain cash" of the crypto market due to their price stability and blockchain compatibility. With a total market cap exceeding $246.3 billion and accounting for 7.04% of the crypto market, stablecoins are playing a crucial role. Meanwhile, RWA (real-world asset tokenization) levera...