Morgan Stanley launched a Digital Asset Lab to test stablecoins, tokenization, and DeFi applications before broader bank rollout. Multiple platforms are expanding stablecoin usability through payment cards with cashback rewards, while tokenized equities are growing as a proportion of stablecoin supply.
Franklin Templeton partnered with Bybit to enable clients to use tokenized fund shares as collateral for stablecoin trading credit, while major organizations like Aon are adopting stablecoins for payments. Celo, an Ethereum Layer 2 focused on cheap real-world payments, continues strong activity with over 459K daily active users and growing stablecoin adoption.