Market downturn shifts focus back to RWA and stablecoins
Written by: Alex Liu, Foresight News
Graphics: Raven, Foresight News
Note: "Weekly Hot Searches" are compiled from Foresight News user search results from last Friday to this Thursday (March 28 to April 3), with case-insensitive consolidation of similar concepts.
RWA Narrative Gains Momentum
"RWA", or Real World Assets, has occupied the second position on the Foresight News user search list for two consecutive weeks, with its narrative continuing to heat up. "Meme", which was previously at the top of the list, has now disappeared, reflecting a shift in user focus and changes in market fundamentals.
What are the recent highlights in the "RWA" field?
On April 2nd, affected by Trump's announcement of comprehensive tariffs and setting a 10% "minimum baseline tariff", the crypto market sector broadly declined, with most assets falling 2% to 6% in 24 hours. However, the RWA sector remained relatively resilient, rising 0.40% in 24 hours. Specifically, Ondo Finance(ONDO), Pendle(PENDLE), and Plume(PLUME) increased by 1.80%, 2.34%, and 5.73% respectively.
On April 1st, crypto payment company Alchemy Pay announced that its product will integrate Real World Assets "RWA", partnering with mainstream RWA providers to introduce high-quality traditional financial assets like US Treasury bonds and blue-chip stocks into the crypto ecosystem, supporting users in multiple regions to purchase with fiat currency.
Justin Sun Posts About FDUSD Depegging
On April 2nd, First Digital Trust stablecoin FDUSD depegged after "Justin Sun claimed FDT is actually bankrupt", briefly falling below 0.9 USDT. First Digital Trust subsequently issued a clarification stating, "Justin Sun's recent allegations against First Digital Trust are completely false. This dispute is related to TUSD and has nothing to do with FDUSD. First Digital is fully solvent. Every dollar supporting FDUSD is fully, safely, and reliably backed by US Treasury bonds. The exact ISIN numbers for all FDUSD reserves are listed in our certified report."
FDUSD has now recovered to above 0.995 USDT.
FDUSD has received strong support and adoption from Binance platform. Recommended reading: Under the FDUSD Depegging Crisis: What's the Impact on Binance? Currently, FDUSD/USDT has recovered above 0.99 USD, and normal redemption of FDUSD has exceeded $60 million.
More Hot Search Updates
- "Monad" sent over 600,000 soul-bound Non-Fungible Tokens to Twitter followers who previously commented to commemorate reaching 1 million Twitter followers.
- "Hyperliquid" announced that its blockchain has been upgraded with a fully on-chain validator voting function for asset delisting. When sufficient voting support is reached, the delisting will be automatically triggered on-chain.
- BitMEX co-founder Arthur Hayes stated that Bitcoin holders need to learn to accept the impact of "tariffs", suggesting we might have finally broken away from Nasdaq correlation and moved towards a purer form of fiat liquidity warning.
- "StakeStone" announced the opening of STO token "airdrop" claiming, with a 30-day claiming period.
- "Babylon" revealed its BABY token economic model, with a total supply of 10 billion tokens: community incentives (15%), R&D and operations (18%), early private investors (30.5%), team (15%), and advisors (3.5%).
- RWA stablecoin issuer Usual's community published UIP-6 proposal "Maximizing Value for USUALx Holders", proposing to raise the floor price of USD0++ from $0.87 to $0.92, and redistribute 47 million USUAL tokens collected from early redemptions to USUALx holders by the second quarter of 2025. The proposal noted unfair arbitrage issues in the USUALx ecosystem, with early redemption mechanisms potentially causing $11.1 million in annual income loss, reducing USUALx value by approximately 22%.
