Zhao Acknowledges Underestimating Stablecoin Growth of $320 Billion

Changpeng Zhao, the founder of Binance, has acknowledged that he underestimated the growth rate of real-world asset tokenization (RWA) and stablecoins. The stablecoin market has exceeded $320 billion, and the RWA market is expected to grow to between $29 billion and $33 billion by mid-2026. Zhao mentioned that he did not foresee RWA and stablecoins reaching this scale by early 2025. RWA refers to the process of transferring real-world assets such as government bonds, stocks, commodities, and real estate onto the blockchain. Stablecoins are used as the underlying assets for payments and collateral in the RWA market, and Zhao's comments indicate that RWA is becoming a major point of discussion in the cryptocurrency market. As of August 19, the number of RWA holders on the BNB Chain has increased by 370% over the past 30 days, reaching approximately 776,000. Zhao pointed out liquidity, regulatory issues, and the complexity of product structures as challenges in the RWA market. He stepped down from his position as CEO of Binance during the settlement process with U.S. authorities at the end of 2023 and is currently discussing the trends of RWA and stablecoins as an industry figure.

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