The Real World of Stablecoins: Protocol Interface for Global Liquidity Organized by OKG Research, on chain data from the past 7 days shows: 👛 The total number of stablecoin (USDT&USDC) holding addresses exceeds 85 million 🔁 USDT users have an average daily transaction frequency of 4.37 transactions per address 💰 The weekly trading volume of USDC has exceeded 273.4 billion US dollars ⚙️ The total transfer amount of stablecoins is approaching $500 billion, and at the same time interval, the transaction volume of stablecoins is 131% of the sum of Visa and Master transaction volumes in 2024 📍 In the past 7 days, approximately 5.65% of stablecoin holding addresses have actually initiated transfer activities, meaning that out of every 20 holding addresses, 1 has "actively called US dollars" on the chain. Stablecoins have evolved from "anchor assets" to: 💱 Global callable payment protocol 🧮 On chain clearing network without sovereign credit 🔗 Private issuance system for cross-border liquidity They are based on the US dollar, backed by US bonds, and issued by the market. Stablecoins, as a protocol form of the US dollar, are being packaged as digital consumer goods for global users, commoditizing "US fiscal credit". This is a decentralized extension of influence on the US dollar chain: No government authorization required • Not assuming geopolitical responsibility Abstracting the 'right to use the US dollar' as a composable protocol unit on the chain. Stablecoins Onchain Data Crypto Payment OKGResearch ProgrammableMoney GlobalLiquidity