PANews July 8 news, according to the 21st Century Business Herald, recently, there have been market rumors that Yiwu has cases of accepting stablecoin payments for foreign trade goods, making it a focal point once again. A report from Huatai Securities shows that 'in Yiwu, the world’s small commodity center, stablecoins have become an important tool for cross-border payments. Blockchain analysis company Chainalysis estimates that in 2023, the on-chain stablecoin flow in the Yiwu market exceeded 10 billion US dollars.' Some people have also posted online claiming that 'over 3,000 merchants in Yiwu are using USDT and other stablecoins for payments, with monthly transactions exceeding 1 billion US dollars, saving nearly 10 million RMB in handling fees!' To find out more, reporters went deep into Yiwu to conduct on-site research on the use of stablecoins. When asked if stablecoins could be used for payments, most merchants said they had not heard of stablecoins and did not understand them; some merchants raised questions about compliance and costs; only a few merchants supported stablecoin payments.