Tokenized U.S. Treasuries surge 2.5 times in a year

The "future of finance" isn't decentralized—it’s just the U.S. government on a blockchain. Tokenized Treasuries surged 2.5x in a year to $15.92 billion, proving that the most "innovative" use for crypto is just lending money to the state. With Ethereum dominating $7.1 billion of this debt, it seems the industry has traded its revolutionary roots for the safety of T-bills. Is crypto actually failing if its biggest success is just digitizing legacy debt? What’s your take?
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