Hong Kong Monetary Authority establishes tokenized bond expert group; Stripe, Visa, and Mastercard join forces to prepare a stablecoin platform This week, the total on-chain market value of RWA slightly increased to $31.53 billion, with the number of holders surging nearly 12% to 837,000. However, the stablecoin market value has declined for three consecutive months, and monthly transfer volume plummeted by 40%.