Traditional financial institutions are accelerating their deployment of digital assets. State Street has launched a digital asset platform focused on developing tokenized money market funds and cash products, marking Wall Street's official move towards on-chain finance.

The trading infrastructure layer is also being upgraded. Interactive Brokers has initiated 24/7 USDC funding support and plans to add Ripple's RLUSD and PayPal's PYUSD as early as next week, further enriching stablecoin options.

Innovative stablecoin solutions are also emerging. Generic Protocol has launched GUSD, claimed to be the first native privacy stablecoin, aggregating liquidity from USDC, USDT, and USDS, and offering optional privacy features and routing yields on Ethereum — a typical example of stablecoins evolving from a single form to multi-chain and multi-functionality.

In terms of market financing, BitMine has invested $200 million in equity in Beast Industries, owned by MrBeast, linking the Ethereum ecosystem's treasury with the creative industry. These actions all point in one direction: on-chain finance and Web3 applications are moving from niche to mainstream.