RWA Weekly: Hong Kong compliant stablecoins enter substantive implementation stage; MiCA framework plans to revise access rules for non-EU stablecoin issuers
- The total on-chain RWA market cap rose to $38.29 billion with 1.7935 million holders, marking a 58% increase in one month.
- The stablecoin market cap decreased slightly to $297.91 billion, with a notable decline in transfer volume and active addresses.
- China's central bank proposed steady development of the digital yuan in its 15th Five-Year Plan.
- The EU plans to amend the MiCA framework to facilitate access for non-EU stablecoin issuers.
- The Bank of England is advancing its digital pound lab to the second phase, focusing on interoperability testing.
This weekly report covers the period from August 7, 2026, to August 14, 2026. During this time, the total on-chain RWA market cap increased to $38.29 billion, with the number of holders rising to 1.7935 million, reflecting a significant increase of over 58% in a single month.
In the stablecoin market, the total market cap slightly decreased to $297.91 billion, with a notable drop in monthly transfer volume, which fell by 16.58%. The number of active addresses also declined, indicating a subdued trading appetite among investors.
On the regulatory front, China's central bank has outlined plans for the gradual development of the digital yuan in its latest five-year plan. Meanwhile, the EU is set to amend the MiCA framework to improve access for non-EU stablecoin issuers, addressing regulatory gaps that have left some users unprotected.
Additionally, the Bank of England is moving forward with its digital pound lab, now in the second phase, which aims to test the interoperability between stablecoins and central bank digital currencies in trade finance scenarios.
RWA周报：香港合规稳定币进入实质实施阶段；MiCA框架计划修订非欧盟稳定币发行者的准入规则
本周报涵盖了2026年8月7日至8月14日的统计周期。在此期间，链上RWA市场总市值上升至382.9亿美元，持有者数量增加至179.35万人，单月增长超过58%。
在稳定币市场，总市值轻微下降至2979.1亿美元，月转账量显著下降，下降幅度为16.58%。活跃地址数量也有所减少，表明投资者的交易意愿低迷。
在监管方面，中国央行在其最新五年规划中提出了逐步发展数字人民币的计划。同时，欧盟计划修订MiCA框架，以改善非欧盟稳定币发行者的准入，解决了部分用户未得到保护的监管空白。
此外，英格兰银行正在推进其数字英镑实验室的第二阶段，旨在测试稳定币与中央银行数字货币在贸易融资场景中的互操作性。