PANews reported on March 27 that according to OKG Research data, as of now, the crypto market has accumulated about $130 billion in U.S. short-term Treasury bonds (T-Bills), accounting for about 2% of the total T-Bills in circulation in the United States. Among them, stablecoins (USDT and USDC) hold about $125 billion, accounting for 56.8% of the total stablecoins; RWA tokenized U.S. Treasury products (32) are estimated to be about $5.213 billion. Since 2025, the growth rate of tokenized U.S. Treasury bonds has been significant, with a monthly compound growth rate of 14% in the past year. OKG Research predicts that in the next 2-5 years, the crypto market may further absorb $300-600 billion worth of U.S. short-term Treasury bonds through three major paths: stablecoin expansion, RWA protocol growth, and DeFi/DAO treasury configuration, and the market penetration rate is expected to increase to 5-10%.