R25 has officially launched its on-chain stablecoin and real-world asset (RWA) protocol, with Polygon serving as the first blockchain partner. The debut token, rcUSD+, is a yield-bearing stablecoin pegged one-to-one to the U.S. dollar, offering returns derived from money market funds and structured notes portfolios.
The token will integrate across Polygon’s DeFi ecosystem, joining a growing wave of asset-backed stablecoins aiming to bring traditional financial instruments on-chain.
Polygon co-founder Sandeep Nailwal emphasized that the collaboration aims to deliver institutional-quality real-world assets to the network, providing risk-managed value for users and developers alike.
Bridging Traditional Finance and DeFi
R25’s stablecoin is designed with multiple credit enhancement layers to strengthen its financial resilience. The firm expects rcUSD+ to be fully composable across lending, collateral, and liquidity protocols on Polygon, improving capital efficiency for DeFi applications.
The launch coincides with growing market interest in tokenized real-world assets. Standard Chartered projects the RWA market could surge to $2 trillion by 2028, up from roughly $35 billion today. While Ethereum remains the primary hub, Layer-2 networks like Polygon are rapidly capturing market share.
Analysts at RedStone note that yield-bearing stablecoins are narrowing the yield gap between crypto and traditional finance. Currently, only 8% to 11% of crypto assets generate yield, compared with 55% to 65% in traditional finance, but adoption of tokenized Treasuries and RWAs is closing the gap quickly.
