According to CoinMeta, competition between traditional finance and the crypto industry has intensified, with the total value of tokenized stocks reaching $3.14 billion and the number of holders increasing to 3.87 million. Binance invested $100 million in Circle and signed a 5-year USDC promotion agreement. Canada's six major banks are exploring tokenized Canadian dollar deposits, while the New York Stock Exchange and Blockchain.com plan to tokenize U.S. stocks and ETF through ATS. In addition, as of June, cross-border stablecoin traffic increased by 77.5% year-on-year to $220.3 billion, while the total market value of the global crypto market decreased by 37% to $2.1 trillion.