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

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According to ChainCatcher, based on a 21st Century Economic Report, a research report from Huatai Securities indicates that in Yiwu, China's world small commodities center, local stablecoins have become an important tool for cross-border payments.

Blockchain analysis company Chainalysis estimates that as early as 2023, the on-chain stablecoin flow in Yiwu market has exceeded 10 billion dollars.

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