OKG Research's latest analysis reveals that stablecoins like USDT and USDC are evolving beyond their traditional role as anchored assets. In the past week, the on-chain transfer volume of these stablecoins reached nearly $500 billion, surpassing 131% of Visa and Mastercard's global transaction volume for the same period in 2024. The number of stablecoin holding addresses has exceeded 85 million, with over 4.8 million actual transfers initiated. USDT users have an average daily transaction frequency of 4.37 transactions per address. OKG Research highlights that stablecoins are becoming a crucial part of the on-chain financial system, acting as a financial interface with high-frequency call capabilities, and encapsulating the right to use the US dollar.

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PANews reported on April 11 that according to OKG Research analysis, the latest on-chain tracking data showed that in the past 7 days, the on-chain transfer amount of stablecoins (USDT &amp; USDC) was close to US$500 billion, equivalent to 131% of the total global transaction volume of Visa and Mastercard in the same period of 2024.
 The total number of stablecoin holding addresses has exceeded 85 million, with more than 4.8 million actual transfers initiated, of which the average daily transaction frequency of USDT users reached 4.37 transactions/address. OKG Research pointed out that the essence of stablecoins has approached "agreement encapsulation of the right to use the US dollar" and is accelerating to become a key infrastructure in the on-chain financial system.

OKG Research: Stablecoins are Evolving from Asset-Backed to Financial Interfaces with High Frequency of Use