WEB3 WEEKLY RECAP | 21-25 JULY 2025

With stablecoins increasingly seen as 𝗮𝘀 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗽𝗮𝘆𝗺𝗲𝗻𝘁 𝗿𝗮𝗶𝗹 𝗳𝗼𝗿 𝗪𝗲𝗯𝟯, organisations around the world are recalibrating their digital asset strategies in a race to capture emerging value flows.

𝙏𝙤𝙥 𝙃𝙚𝙖𝙙𝙡𝙞𝙣𝙚𝙨:
– Charles Schwab leans into crypto, stablecoins. Tokenisation: not so much (21 Jul 2025)
– Vietnam’s digital asset market attracts major players (22 July 2025)
– BNY, Goldman Sachs partner to tokenise money market funds (23 July 2025)
– HKMA Cautions Against Stablecoin Hype as New Ordinance Takes Effect (24 July 2025)
– MUFG to tokenise real estate for retail (24 July 2025)

Meanwhile, the Hong Kong Monetary Authority (HKMA) is urging restraint, reminding the market that speculative enthusiasm must not outpace regulatory discipline. The question is no longer whether stablecoins will shape the next generation of financial infrastructure, but how jurisdictions will manage the associated risks while enabling scalable adoption.