Real-time multi-view point cloud reconstruction is a core problem in 3D vision and immersive perception, with wide applications in VR, AR, robotic navigation, digital twins, and computer interaction. Despite advances in multi-camera systems and high-resolution depth sensors, fusing large-scale multi-view depth observations into high-quality point clouds under strict real-time constraints remains challenging. Existing methods relying on voxel-based fusion, temporal accumulation, or global optimization suffer from high computational complexity, excessive memory usage, and limited scalability, failing to simultaneously achieve real-time performance, reconstruction quality, and multi-camera extensibility. We propose FUSE-Flow, a frame-wise, stateless, and linearly scalable point cloud streaming reconstruction framework. Each frame independently generates point cloud fragments, fused via two weights, measurement confidence and 3D distance consistency to suppress noise while preserving geometric details. For large-scale multi-camera efficiency, we introduce an adaptive spatial hashing-based weighted aggregation method: 3D space is adaptively partitioned by local point cloud density, representative points are selected per cell, and weighted fusion is performed to handle both sparse and dense regions. With GPU parallelization, FUSE-Flow achieves high-throughput, low-latency point cloud generation and fusion with linear complexity. Experiments demonstrate that the framework improves reconstruction stability and geometric fidelity in overlapping, depth-discontinuous, and dynamic scenes, while maintaining real-time frame rates on modern GPUs, verifying its effectiveness, robustness, and scalability.