RWA Weekly: The battle for stablecoin yields ignites a civil war in the US, CLARITY Act hearing postponed This week, the total on-chain RWA market cap steadily increased to $21.22 billion, with the number of holders surpassing 630,000, driven mainly by a broader investor base. The total stablecoin market cap remained flat, but monthly transfer volume surged by 45.63%, with a turnover rate as high as 27.3x.