PANews reported on May 25 that according to public data statistics from OKG Research, the total market value of stablecoins has increased by 2.27% (+US$5.2 billion) in the past 30 days. Among the newly minted stablecoins during the same period, OKG Research found that more than half (52%) of them entered the RWA income pool or institutional liquidation address within 48 hours after minting, rather than CEX Deposit or cross-chain bridge. Stablecoins are evolving from "stored value assets" to a composable and callable financial infrastructure, and their value focus has shifted from currency value anchoring to functional applications.