The debut product rcUSD+ maintains a one-to-one dollar peg while paying yield derived from money market funds and a structured notes portfolio.
Stablecoin News
R25 has launched its on-chain stablecoin and real-world asset protocol with Polygon as its first blockchain partner, introducing yield-bearing stablecoins backed by traditional financial instruments. The debut product rcUSD+ maintains a one-to-one dollar peg while paying yield derived from money market funds and a structured notes portfolio.
The token will be available across Polygon's DeFi ecosystem, positioning among a growing number of asset-backed stablecoins entering the market. Polygon co-founder Sandeep Nailwal stated the collaboration aims to bring institutional-quality real-world assets on-chain, with R25's risk-managed structure providing immense value to users and protocols building on the network.
R25's underlying assets include multiple credit enhancement layers intended to strengthen the stablecoin's creditworthiness. The firm expects rcUSD+ to be composable across lending, collateral, and liquidity protocols on Polygon, boosting capital efficiency in DeFi applications.
The launch arrives amid renewed interest in tokenized real-world assets. Standard Chartered estimates the RWA market could grow to $2 trillion by 2028 from roughly $35 billion currently, with most assets expected to reside on Ethereum, though competing layer-2 networks like Polygon are positioning to capture market share.
RedStone analysts noted adoption of yield-bearing stablecoins and tokenized assets is narrowing the yield gap between traditional finance and crypto. Only 8% to 11% of crypto assets currently generate yield compared with 55% to 65% in traditional finance, though the gap closes rapidly as tokenized Treasuries and RWAs proliferate.
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