This points out the problem of RWAs' seemingly thriving ', which is their low adoption rate. Although RWAs (dark blue) have been continuously growing in the past two years, their growth rate is not on the same level as stablecoins (light blue). The decisive difference lies in practicality, for example, BlackRock's BUIDL fund, although with a market value of $2 billion, has a very limited practical scope of use: