OKG Research: Over Half of Newly Minted Stablecoins First Flow to RWA and Institutional-Level Clearing Addresses

According to TechFlow, on May 25, OKG Research reported based on public data that the total market capitalization of stablecoins increased by 2.27% (+5.20 billion USD) month-over-month in the past 30 days. Among the newly minted stablecoins during the same period, OKG Research found that over half (52%) of the first transactions within 48 hours after minting flowed directly into $RWA revenue pools or institutional-level liquidation addresses, rather than CEX deposits or cross-chain bridges. Stablecoins are evolving from "store-of-value assets" into composable and callable foundational layers of finance, with their value focus shifting from price-pegging to functional applications.