@redstone_defi 0.1% used as collateral says issuance is far ahead of utility. Oracle coverage and clear liquidation paths are usually what close that gap. Another good report from you @redstone_defi. Reply to @redstone_defi: Stellar’s RWAs grew 5.5x in a year, to $3.56B+. Only about 0.1% of that is used as DeFi collateral. And RWAs on other chains also largely stay off DeFi. Our latest report breaks down why, and how these assets could go to work in DeFi before DTCC arrives on Stellar in 2027. Features insights from: @StellarOrg, @TemplarProtocol, @CredoraNetwork.