Ant Financial-Backed R25 Launches Yield-Bearing Stablecoin rcUSD+ on Polygon

R25, a stablecoin and real-world asset (RWA) protocol incubated by Alibaba's Ant Financial, officially launched its yield-bearing stablecoin, rcUSD+, on the Polygon network on November 14, 2025. The debut marks a significant step in bridging traditional finance with decentralized finance (DeFi) by offering a stablecoin that generates yield directly from conservative, institutional-grade assets like money market funds and structured notes.

The rcUSD+ stablecoin is designed to maintain a $1 peg while automatically distributing yield to holders, without relying on inflationary rewards or risky farming. Its portfolio features multiple levels of risk control and professional management, ensuring stability and passive income. Polygon was selected as the first network due to its low fees, scalability, and existing dominance in stablecoin activity, handling billions in transactions monthly.

According to Polygon co-founder Sandeep Nailwal, the partnership introduces institutional-quality real-world assets to the ecosystem, providing a foundational layer for developers to build payment systems, lending markets, and collateral mechanisms. This launch aligns with growing institutional interest in tokenized RWAs, which analysts project to become a major segment of global finance by 2030.

Ant Financial's involvement underscores the project's credibility, leveraging its expertise in gold tokenization, blockchain infrastructure, and asset verification tools to enhance transparency and oversight. The rcUSD+ launch follows other RWA initiatives on Polygon, including a sovereign-backed stablecoin in India and a regulated money market fund by AlloyX, reinforcing the network's traction in this sector.