A few days ago, I compared various stablecoin investment options and even created a website. However, most of the high-interest rates were exclusive to new users or offered limited-time interest rate increases, and the rates plummeted as soon as the promotion ended. In a bear market, what I care about more is who is actually paying the interest. @TownSquarexyz's approach is different. They lend money themselves and then tokenize these loans on the blockchain. This time, in collaboration with @multiplifi, they've already put over $260 million in private lending on-chain. The initial batch mainly consists of real estate, running on Base, Robinhood Chain, and Monad; $500 million in mining, AI data centers, energy storage, and robotics assets are planned for release in batches from Q4 of this year to Q1 of next year. Each type of lending token is deposited into a separate rwaUSDi pool as collateral. These pools are isolated from each other, so if one industry experiences problems, it won't affect other pools. The revenue source is simple: the interest paid by borrowers each period. TownSquare calls itself "BlackRock on the blockchain," showing considerable ambition. Of course, the lending business also carries risks, such as borrower defaults and slow asset liquidation. These are things you need to consider carefully. Those interested can take a look first. *** This does not constitute any investment advice; it is merely a personal record and opinion. Profit and loss are your own responsibility.