OKG Research: The crypto market currently holds approximately $130 billion in short-term U.S. Treasury bonds, with a market penetration rate expected to reach 5-10% in the next 2-5 years

ChainCatcher news, according to OKG Research data, as of now, the crypto market has accumulated approximately $130 billion in U.S. short-term Treasury bills (T-Bills), accounting for about 2% of the total amount of T-bills in circulation in the U.S.

Among them, stablecoins (USDT & USDC) hold about $125 billion, accounting for 56.8% of the total stablecoin supply; RWA tokenized U.S. Treasury products (32 in total) are estimated to be around $5.213 billion. Since 2025, the growth rate of tokenized U.S. Treasuries has been significant, with a monthly compound growth rate of 14% over the past year.

OKG Research predicts that in the next 2 to 5 years, the crypto market is expected to absorb an additional $300 to $600 billion in U.S. short-term Treasury bills through three main paths: expansion via stablecoins, growth of RWA protocols, and DeFi/DAO treasury allocations, with a penetration rate expected to reach 5% to 10%.