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As you’ve probably heard a thousand times: Tokenization is in its early stages. 

But a new tidbit seems to confirm that the utility of onchain assets will continue to evolve. 

As it stands now, stablecoins are “really the only [RWA]” that have gained substantial product-market fit, Ondo Finance CEO Nathan Allman recently told me. (My fuller Q&A with Allman will hit Blockworks.co a bit later). 

Circle had its IPO earlier this month and the Senate passed the GENIUS Act last night, both of which brought stablecoins further into the public eye.

While the promise of more…

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