#OpenDigest | 25 July 2025

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $265.217B (+1.73% WoW)
→Total RWA on-chain market cap: $25.12B (-2.97% WoW)
→Total stablecoin holders: 173.80M
→Total RWA assets holders: 324,707

🟣 Top Headlines
→ US crypto legislation drives $4B surge in stablecoin supply, pushing the stablecoin market cap above $264B and fueling corporate interest
→ Binance is expanding its institutional off-exchange settlement services by adding support for two tokenized RWAs: USYC and cUSDO
→ BNY and Goldman Sachs have partnered up to launch tokenized money market fund platform for institutions
→ Western Union is exploring ways to integrate stablecoins into its services as the firm seeks to modernize cross-border payments
→ Aptos Labs’ Chief Business Officer says that boom in RWA tokenization can be expected after passing of GENIUS Act

🟣 OpenEden's Updates
→ OpenEden has delivered 2 key Q3 milestones within its H2 2025 roadmap and introduced a new Q3 milestone
→ Binance now supports cUSDO as off-exchange collateral via Binance Banking Triparty solution
→ HackenProof hosted an OpenEden smart contract audit contest that ended on 23 July

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/1948686602680864999

Most of Web3’s rewards programs remain opaque, manual, and hard to trust.

Our partnership with Brevis introduces a ZK-powered reward program. This ensures fair, verifiable, and on-chain reward distribution, without compromising privacy or scalability.

CoinGape's piece takes a closer look at what we are building and how ZK tech can benefit the wider Web3 rewards ecosystem. Go check it out!

👉 https://coingape.com/brandtalk/pulse/openeden-partners-with-brevis-to-bring-zk-powered-rewards-program/

https://x.com/OpenEden_X/status/1949702751245770817

$TBILL has surpassed $200M in TVL.

As the world’s first Moody’s “A” rated tokenized US Treasury fund, TBILL has withstood the test of time, delivering stable, transparent, and liquid access to US Treasuries on-chain.

But this goes beyond tokenizing assets. It’s about laying the groundwork for institutional adoption and building resilient infrastructure for on-chain finance. TBILL is proving to be the bridge that brings institutions into DeFi.

https://x.com/OpenEden_X/status/1950916542398627924

Stablecoin Summer has been in full heat, but have we reached a peak, or are we just scratching the surface?

Our Founder and CEO Jeremy Ng shared his insights with CoinDesk on why this is just the beginning for stablecoins.

Read the full piece: https://www.coindesk.com/sponsored-content/openeden-has-stablecoin-summer-peaked

#OpenDigest | 1 August 2025

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $266.962B (+0.66% WoW)
→Total RWA on-chain market cap: $25.15B (+0.12% WoW)
→Total stablecoin holders: 186.75M
→Total RWA assets holders: 336,938

🟣 Top Headlines
→ Hong Kong Monetary Authority (HKMA): The first batch of Hong Kong stablecoin issuer licences is expected to be granted early next year. Hong Kong's stablecoin bill is set to take effect on 1 Aug.
→ Interactive Brokers looking to enable 24/7 stablecoin funding for brokerage accounts
→ JPMorganChase plans to lend against its clients’ digital asset holdings in its latest venture into the digital currency world
→ According to a J.P. Morgan strategist, Goldman Sachs and BNY’s tokenization push aims to keep money market funds competitive as the US accelerates stablecoin adoption

🟣 OpenEden's Updates
→ CoinGape News published a piece on OpenEden’s partnership with Brevis to introduce a ZK-powered reward program
→ $TBILL has surpassed $200M in TVL. As the world’s first Moody's “A” rated tokenized US Treasury fund, TBILL has withstood the test of time, delivering stable, transparent, and liquid access to US Treasuries on-chain
→ OpenEden’s Founder and CEO Jeremy Ng shared his insights with CoinDesk on why Stablecoin Summer is just the beginning for stablecoins

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/1951233466148024418

With support from Chainlink, USDO now benefits from secure cross-chain interoperability and verifiable transparency.

With CCIP, Proof of Reserve, and the CCT standard, USDO is now even more composable, transparent, and ready for the multi-chain DeFi future.

Find out more on our integration with Chainlink here: https://openeden.com/news/openeden-chainlink-partner-stablecoin-usdo-interoperability/

https://x.com/OpenEden_X/status/1952272513205252575

🎙Happening today: Our Founder and CEO Jeremy Ng will be joining Cycle Network's AMA to discuss stablecoin distribution and multi-chain settlement with speakers from Level, Resolv Labs and Lista DAO.

🗓️5 Aug, 2PM UTC
🔗 https://x.com/i/spaces/1YpKkBBLjaAxj

See you there!

OpenEden | Resolv

Real-world backing meets crypto-native backing. We’re proud to partner with Resolv Labs to support a new cUSDO-wstUSR StableSurge pool on Balancer.

For the first time, experience staked yield and rewards from two collateral-backed assets in one LP position:

⚡10x Bills points
⚡30x Resolv points
⚡Yield on cUSDO
⚡Yield on wstUSR

👉https://portal.openeden.com/bills-campaign?chain=mainnet

🎙️AMA LIVE NOW!

Our Founder and CEO Jeremy Ng is speaking on stablecoin distribution and multi-chain settlement with speakers from Level, Resolv Labs and Lista DAO now!

Tune in here: https://x.com/i/spaces/1YpKkBBLjaAxj

OpenEden | Jigsaw

Welcoming Jigsaw into our Bucks points program! Route $cUSDO via Jigsaw’s Pendle LP Strategy to earn dual incentives:

⚡OpenEden’s Buck points
⚡Up to 150M jPOINTS per user

For full details, check out the campaign announcement by Jigsaw!

https://x.com/OpenEden_X/status/1953004420284989640

“If it’s not backed by Treasuries, it’s a synthetic dollar, not a stablecoin.”

Our Founder Jeremy Ng breaks down how USDO flips the noscript with real backing and transparency.

📖Read his full CoinDesk feature here: https://www.coindesk.com/sponsored-content/openeden-has-stablecoin-summer-peaked

#OpenDigest | 8 August 2025

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $269.876B (+1.09% WoW)
→Total RWA on-chain market cap: $25.45B (+1.19% WoW)
→Total stablecoin holders: 188.13M
→Total RWA assets holders: 346,258

🟣 Top Headlines
→ The tokenized stock market surged 220% in July, reaching a market capitalization of $370 million, with over 90,000 active addresses
→ Hong Kong launched the world’s first registry platform tailored to the tokenization of real-world assets (RWA)
→ The global crypto wave is catching on in Asia as businesses warm up to stablecoins, with Singapore and Hong Kong among the top three markets for stablecoin flows
→ Standard Chartered, Animoca Brands and HKT have established a joint venture in Hong Kong to apply for a stablecoin issuer licence
→ Kakaobank signals entry into South Korea’s stablecoin market amid regulatory push

🟣 OpenEden's Updates
→ OpenEden has partnered up with Resolv Labs to support a new cUSDO-wstUSR StableSurge pool on Balancer
→ As part of our Bucks points program, Jigsaw’s Pendle LP Strategy now support $cUSDO

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/1953735300662145332

Stablecoin Summer is heating up and we’re joining the builders shaping the future of money in Chainlink's X Space!

Our Founder and CEO, Jeremy Ng, will join leaders from Aave, Maple, Elixir & Mento to explore:
→ The next-gen stablecoin architecture
→ Onchain savings & yield
→ The path to institutional adoption

📅12 Aug, 2PM UTC
🎙️https://x.com/i/spaces/1YqJDZNmzeaKV

From real-time Proof of Reserves to cross-chain interoperability, we're building with Chainlink to make $USDO the benchmark for compliant, yield-bearing stablecoins.

👉https://blog.chain.link/chainlink-institutional-tokenization-announcements/

Today, we announce our collaboration with BNY to bring regulated, institutional-grade assets on-chain for global investors, marking a milestone for tokenized RWAs.

As part of this partnership, BNY Investments Dreyfus, one of the largest liquidity managers with more than five decades of proven expertise, will manage the TBILL Fund on OpenEden’s behalf.

BNY will also serve as the primary custodian for the TBILL Fund’s underlying assets, leveraging its established infrastructure, which administers US$55.8 trillion of assets, to strengthen the bridge between traditional finance and tokenized markets.

This is more than a milestone.

Read the full announcement here: https://openeden.com/news/openeden-bny-tokenized-us-treasury-fund/

https://x.com/OpenEden_X/status/1955435896398024971

gEDEN.

#OpenDigest | 15 August 2025

Each week, we bring you the biggest headlines, sharpest insights, and key updates on stablecoins, tokenized RWAs, and the OpenEden ecosystem.

🟣 Stablecoin & RWA Market Pulse
→Total stablecoin market cap: $273.463B (+1.33% WoW)
→Total RWA on-chain market cap: $26.00B (+2.16% WoW)
→Total stablecoin holders: 190.02M
→Total RWA assets holders: 350,849

🟣 Top Headlines
→ Ethereum leads July surge as altcoins and stablecoins shine, with its own market share climbing over 25% to reach 11.8%
→ Keyrock predicts that stablecoin payment volumes may exceed $1 trillion annually by the end of this decade
→ Bermuda has established the Bermuda Stablecoin Association alongside a government-led Digital Finance Roundtable
→ Ripple predicts a $19 trillion RWA tokenization market by 2033
→ Western Union CEO Devin McGranahan said that the company is exploring issuing a stablecoin, particularly in non-US markets
→ Citi is considering offering custody and payment services for stablecoins and crypto ETFs

🟣 OpenEden's Updates
→ OpenEden partners with BNY to manage and custody assets backing our Moody's "A"-rated tokenized US Treasury fund TBILL

✅ Read the full digest on our X: https://x.com/OpenEden_X/status/1956279219127988705

OpenEden | Binance Wallet

We've partnered with Binance Wallet to launch Phase 1 of our Binance Booster Campaign.

🗓Starts 18 August, 11:00 AM UTC, and lasts for 6 weeks.

Earn on-chain yield and receive $EDEN rewards.

Learn more via link: https://openeden.com/news/openeden-binance-booster-eden-rewards-rwa-ecosystem/

https://x.com/OpenEden_X/status/1957414713475977451