In response to rising U.S. debt and ongoing de-dollarization, tokenizing U.S. stocks to drive stablecoin demand is seen as the only feasible way for the U.S. to refinance its debt. BlackRock's active promotion of real-world assets (RWA) and on-chain stock trading aligns with this strategy. Ethereum is positioned to become the primary settlement layer for these global capital flows, with 2026 anticipated as the pivotal 'Year of RWA.'

