**[Analysis: Wall Street and the Crypto Industry Accelerate Competition for the Same Financial Market]** BlockBeats News, September 26: Stablecoins and asset tokenization are driving traditional finance and the crypto industry into increasingly overlapping markets, with both sides competing in areas such as payments, stocks, and ETFs. This week, Binance announced a $100 million investment in stablecoin issuer Circle and signed a five-year USDC promotion agreement. Meanwhile, Canada's six major banks are jointly exploring tokenized Canadian dollar deposits. At the same time, the New York Stock Exchange signed a memorandum of understanding with Blockchain.com, planning to tokenize U.S. stocks and ETFs through a new alternative trading system (ATS) and introduce them into the crypto market. This plan is still subject to regulatory approval. Data shows that as of now, the total value of tokenized stocks has reached $3.14 billion, with the number of holders increasing to 3.87 million, a 72% growth compared to previous figures. Additionally, as of June this year, cross-border stablecoin transaction volume grew 77.5% year-on-year to $220.3 billion, while the global crypto market cap declined 37% over the same period to $2.1 trillion, indicating the continued growth of stablecoin usage in practical scenarios such as payments, remittances, and savings. [Original Link]