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RWA Looping, Crypto Market Structure Bill, & Vaults - Sean Kelley

February 18, 2026, 8:28 PM
RWA Looping, Crypto Market Structure Bill, & Vaults - Sean Kelley
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Inside the Big Bank Stablecoin Panic

Banks are actively fighting to block yield-bearing stablecoins because they know what's coming.

We sit down with Sean Kelley, VP at Frax, to cover how frxUSD is bridging DeFi and TradFi, why RWA looping is attracting institutional capital, and what the GENIUS Act means for stablecoin payments.

We cover:

- Why Banks Are Terrified of Yield-Bearing Stablecoins
- The RWA Looping Strategy Institutions Are Racing Into
- How frxUSD Is Backed by Multiple RWA Issuers
- The GENIUS Act's Real Impact on Stablecoin Competition
- ATW's $50M Bet on frxUSD
- Frax's Play to Cross the TradFi Chasm

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