Foresight News reports that according to the Viewpoint Network, the chief economist of SIR Group, Hong Hao, stated that the stablecoin market is still very small, only 250 billion dollars. As more and more participants join, it will soon exceed one trillion dollars. Stablecoins are a new source of demand for U.S. Treasury bonds, especially given the severe fiscal situation in the U.S., which requires all this assistance from stablecoins. Hong Hao mentioned that China should adopt stablecoin technology. In terms of transaction speed and very low transaction costs, stablecoins outperform everything else, especially in cross-border transactions. For China, nearly 50% of cross-border trade is settled in Renminbi. Therefore, to encourage foreign participants to trade more with China, stablecoins are one of the better ways to address the issues of cross-border transaction costs and speed.