Published Oct 16, 2026, 5:26 PM ET · Updated a month ago · 1 source
DeFi 2.0 will be reshaped by RWAs; simple stablecoin Earn products will become harder to justify
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Original Report
Rising rates and tokenized off-chain assets are reshaping on-chain yield risk-reward, making simple stablecoin Earn products harder to justify for non-crypto natives, while onchain repo markets driven by tMMFs and tokenized equities present a much bigger opportunity.