AlUnity, launched in collaboration with DWS, Galaxy, and Flow Traders, has issued a euro-denominated stablecoin EURAU that complies with new German regulations and has been approved by BaFin. The Token aims to support regulated cross-border euro payments and will be launched on Bullish Europe.

Mill City Ventures III, Ltd. completed a $450 million private sale equity financing, initiated a Sui reserve strategy, becoming the only publicly traded company supported by the Sui Foundation, and holds 76,271,187 SUI Tokens.

Tether released its verification report for the second quarter of 2025, indicating that the issuance of USDT has exceeded 13.4 billion USD, with a total circulating supply of over 157 billion USD. Tether's total holdings of US Treasury bonds exceed 127 billion USD, making it one of the largest holders globally, with a net profit of approximately 4.9 billion USD for the second quarter.

With the ongoing acceleration of the tokenization trend of Real World Assets (RWA), global finance is moving towards a brand new stage—the on-chain physical asset era. In this process, stablecoins, RWA, and DHP form a mutually dependent and synergistic core closed loop: stablecoins provide a value anchor for circulation and payment, RWA carries the digital expression of real assets, while DHP serves as the key engine connecting application scenarios and end users, driving the true on-chain integration of assets into the industry.

First of all, stablecoins can be seen as the "water, electricity, and coal" of the RWA ecosystem. They are not only a unified standard for on-chain asset pricing but also the core channel for cross-border payments and on-chain transactions. Without stablecoins, although RWAs can achieve rights confirmation on-chain, they lack a stable and universal settlement mechanism, which will greatly reduce the global circulation capability of assets. Therefore, stablecoins construct a "value language system" for the trading of real assets on-chain.