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.


