Odaily Planet Daily News RWA protocol TVL has reached 73 billion US dollars, a rise of more than 200% year-on-year, with Usual Protocol and Hashnote USYC leading with TVL of approximately 14.8 billion US dollars respectively. Hashnote is a regulated digital asset management platform that offers innovative investment strategies, while Usual Protocol is a decentralized stablecoin issuer that tokenizes RWA and reallocates value to users through governance tokens. The composition of RWA TVL has significantly shifted towards government securities, which currently account for two-thirds of the total value of RWA TVL, up from 36% a year ago. This shift indicates that investors’ confidence in compliant, government-backed digital assets is increasing, and it also demonstrates the market’s growing maturity as protocols focus on traditional financial instruments. (The Block)