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On-the-spot investigation of stablecoins in Huaqiangbei: starting from 50,000 coins, with gray areas
Written by: Cao Yuan, 21st Century Economic Report
In the current foreign trade business, more and more merchants are noticing the use of stablecoins for cross-border payments.
Earlier, reporters from the 21st Century Economic Report went to Yiwu, 'the world's largest small commodity distribution center', to investigate merchants' use of stablecoins and found that most merchants reported they had never heard of stablecoins and did not understand them; some merchants raised questions about their compliance, costs, etc.; only a few merchants supported stablecoin payments.
In China's 'Electronic First Street' Shenzhen Huaqiangbei, there is a vast electronic component trading market, which also attracts numerous suppliers and buyers from around the world.
In the current foreign trade business, more and more merchants are noticing the use of stablecoins for cross-border payments.
Earlier, reporters from the 21st Century Economic Report went to Yiwu, 'the world's largest small commodity distribution center', to investigate merchants' use of stablecoins and found that most merchants reported they had never heard of stablecoins and did not understand them; some merchants raised questions about their compliance, costs, etc.; only a few merchants supported stablecoin payments.
In China's 'Electronic First Street' Shenzhen Huaqiangbei, there is a vast electronic component trading market, which also attracts numerous suppliers and buyers from around the world.
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