What is the size of RWUSD? Binance has not disclosed it, and I estimate that its market value is no less than that of a pumpfun level project. From a liquidity perspective, this is also a significant blow to counterfeit products. RWUSD cannot be traded, so it is locked. Although it is possible to pledge and borrow coins, I estimate that the proportion is not significant. Shanzhai is too difficult, it is being sucked by the US stock market while being squeezed by stablecoins.