Analysis: Stablecoin has become one of the important tools for cross-border payments in Yiwu, China

Odaily News Huatai Securities research report shows that in Yiwu, China, the world's small commodity center, local stablecoins have become one of the important tools for cross-border payments. Blockchain analysis company Chainalysis estimates that as early as 2023, the flow of stablecoins on the Yiwu market chain has exceeded 10 billion US dollars. (21st Century Business Herald)