Dear family, don’t think that the cryptocurrency world is just about trading coins! The bosses in Yiwu have long been using stablecoins to quietly make a fortune on the big stage of cross-border payments, leaving the banks dumbfounded, exclaiming, 'Wow!'
Yuhui has the latest scoop: In China’s renowned small commodities city Yiwu, over 3,000 foreign trade merchants are like a group of 'shrewd little fortune gods', all using USDT and other stablecoins to collect payments. The monthly turnover is astonishing, directly breaking the 1 billion USD mark! What does this mean? It’s equivalent to saving nearly 10 million RMB in bank fees, this money saved is easier than picking up cash on the street!
Let’s take a look at practical cases, they are quite exciting:
Mr. Zhang from the clothing factory used to struggle to collect payments from Middle Eastern clients. Bank card transfers often took 3 days, and he had to pay 8% in fees, feeling like he was pulling money out of his own pocket. Now it’s different, clients can directly scan his on-chain wallet, and USDT arrives in a flash, with almost zero cost. Mr. Zhang is now grinning from ear to ear, telling everyone, 'This stablecoin is simply my god of wealth!'
Toy merchant Sister Li also has something to say: 'My Vietnamese client is absolutely in love with USDT. The exchange rate is locked tight at 1:1, and I no longer have to worry about the dollar skyrocketing and plummeting like a roller coaster, swallowing my small profits clean. Now in business, I feel so stable!'
Yuhui is here to deeply decode why stablecoins can carve out a bloody path in the foreign trade circle:
In terms of speed, it’s simply crushing! Bank international transfers take 3 days, slow as a snail; on-chain payments, however, are done in 3 seconds, fast as lightning, while the money from the bank transfer hasn’t even arrived, the bosses using stablecoins have already started counting their money!
In terms of cost, it’s a drastic drop! Traditional channel fees are 5% - 8%, like a 'vampire', constantly sucking away profits; on-chain fees are less than 0.1%, simply a 'philanthropist', allowing bosses to earn a fortune.
As for the hedging function, it’s also exceptional! Exchange rate fluctuations are like a mischievous little monster, occasionally swallowing profits; stablecoins pegged to the US dollar, this hard currency, act like a sturdy lock on profits, allowing bosses to make money steadily.
Opportunities in the cryptocurrency world are here, focus on these 3 lines:
The payment track is about to explode! Cross-border demand is skyrocketing like a rocket, and the demand for stablecoins like USDT and USDC is also surging, with liquidity acting as a 'ballast' for coin prices, stabilizing them and reassuring investors.
The value of compliant channels is highlighted! Yiwu’s successful trial serves as an example for other free trade zones, and more may follow. This is beneficial for companies with compliant crypto payment licenses, like certain Hong Kong listed companies, which might seize the opportunity to soar.
The revolution of empowering the real economy is coming! Blockchain is no longer just a 'decorative frame', the urgent need for foreign trade is like a strong wind, driving the development of wallets and cross-border settlement agreements, with related tokens acting like pearls hidden in treasures, waiting for everyone to dig out.
Finally, Yuhui gives everyone a few tips:
Only use mainstream stablecoins (USDT/USDC), those small coins are like unreliable 'thugs', don’t provoke them!
Quickly convert to RMB after receiving payments, don’t be greedy to hold, avoid being tossed around by fluctuations like a roller coaster!
Choose licensed service providers, as the safety of funds is crucial, like hiring a 'bodyguard' for your money, ensuring it stays safe!
Dear family, quickly follow in the footsteps of Yiwu bosses and make a fortune in the cross-border payment field of cryptocurrency!
