CoinVoice has recently learned that, according to Jinshi Data, Zheshang Securities published a research report stating that the macro impact of RWA (Real World Assets) lies in creating a 'global capital market' on the blockchain, accelerating the replacement of traditional finance by on-chain finance, which may lead to a further expansion of US dollar credit in stages.

RWA, stablecoins, and decentralized finance (smart contracts) mirror the investment targets, fiat currencies, and financial intermediary functions of the traditional financial system on the blockchain. The three are working together to form a new financial closed loop on the blockchain.

In the long term, the on-chain mechanism of RWA poses a potential challenge to traditional financial institutions, including banks, brokerages, insurance companies, and exchanges. [Original link]