HTX Ventures：2025去中心化金融的未来：合规、现实世界资产与稳定币创新研究报告（英文版）（29页）.pdf

1、The Future of DeFi:Compliance,RWAs,and Stablecoin Innovations32927242810941210121525242419466ontent2Overview1.Changes in the Current Crypto Market1.1 Stablecoin Legislation Approved,Transforming Company Compliance Requirements,Boosting Adoption in Cross-Border Payments1.2 Easing Regulation Expected

2、for Perpetual Futures Trading1.3 RWAs Stable Returns Come to Crypto Users Attention1.4 Entry of Licensed Institutions into Blockchain Expands the Market1.5 Emergence of Compliance Tools for RWA Token Issuance2.Opportunities and Challenges2.1 How to Address Defaults as RWA Private Credit Enters the P

3、ayfi Era2.2 Who Will Become A Leader in Yield-Generating Stablecoin?2.3 Mutual Reinforcement of RWAs and DeFi Application?2.4 Can RWAs in Public Blockchain Empower Institutional Finance?3.Promising New Directions3.1 OnChain Foreign Exchange3.2 CrossBorder Payment Stacks3.3 Multi-Pool Stablecoin Aggr

4、egation PlatformAbout UsReferencesDisclaimer?Stablecoins Backed by Treasury Bond?Low-Risk On-Chain Arbitrage Strategies?RWAs Enhance the Stability of DeFi Application?DeFi Mechanisms Boost the Asset Utilization Rate of Tokenized RWAsOverviewA new generation of DeF is emerging,following in the footst

5、eps of old players such as Uniswap,Curve,dYdX,and Aave.These new projects will adapt to the evolving regulatory environment and leverage traditional finance integration and technological innovations to explore new markets and drive the industry toward a new era for DeFi.Players from traditional fina

6、nce and business,including the Trump family,Stripe,PayPal,and BlackRock,are doubling down on their business investments,bringing the industrygreater opportunities.For new entrants,this means their focus should be shifted away from micro-innovations in traditional DeFi to groundbreaking products tail