Why Coinbase is the King of RWA? Why SELL CRCL? 》 Coin is the ultimate champion of the RWA (Real World Assets) track, far surpassing Circle (CRCL)! Not only USDC, Coinbase is building a financial empire integrating stock token, treasury bond and monetary fund, and starting the next round of digital asset revolution. Compliance moat+institutional trust endorsement: The Base network is led by Coinbase and has become the gold standard for compliance and transparency in the RWA field. Institutions and large funds only trust platforms with regulatory safeguards - Coinbase has become the industry benchmark, while Circle is still catching up. More than USDC - full coverage of stock tokens, treasury bond, and monetary funds: Coinbase has already jumped out of the single track of stable currencies, and has incorporated stock tokens, U.S. treasury bond, and money market funds into the ecosystem by virtue of S&P 500 composition status, acquisition of Deribit and other layouts. Users can trade, borrow, and earn profits 24/7, with asset liquidity and composability far exceeding traditional finance. Network effects+deep liquidity: The Base network is becoming the preferred option for RWA issuers, with more and more RWA projects flocking to the Coinbase ecosystem to enjoy security, compliance, and institutional level liquidity. The deeper the liquidity, the stronger the network effect, and Coinbase is dominating the capital entry point for the entire RWA industry. Absolute 'gatekeeper' status: Coinbase not only holds Circle equity, but also controls the sharing and decision-making power of key agreements between USDC and RWA. Circle's RWA expansion and USDC business cannot be separated from Coinbase's endorsement and traffic distribution. Coinbase is the "highway toll station" of the RWA track. Stock tokenization - the next super trend: Circle is still testing the waters by acquiring startups, while Coinbase has already invested in stocks ETF、 Traditional assets such as treasury bond are fully on the chain, and the target market is hundreds of trillion dollars. Circle is just a follower, Coinbase is the true leader. Passive dependence and lack of dominance: Circle's RWA ambitions are firmly locked in by Coinbase, and all major collaborations and divisions require Coinbase's approval, with the initiative completely sidelined. Chasers rather than leaders: Circle's recent acquisition of Hashnote and other actions are just a remedy for a lost sheep, and the market and funds have already flowed to a compliant, highly liquid, and institution recognized platform - Coinbase. No moat, no premium capability: With RWA and stock tokenization entering the mainstream, Circle's role is increasingly marginalized, and real profits and capital flows are concentrated on super platforms like Coinbase. Conclusion: "The RWA super wave has come, and Coinbase has comprehensively dominated core assets such as USDC, stock tokens, treasury bond, etc. by virtue of its scale, compliance, and network effects. Circle is passive, dependent, and slow, destined to only eat leftovers. The only option now to seize the next trillion dollar asset migration dividend is to buy COIN and sell CRCL! Missing this wave, the future can only sigh at the ocean! ” Coinbase is the ultimate gateway to real-world asset digitization, don't pay for second rate players anymore.