In 2023, Yiwu’s use of stablecoins exceeded 10 billion USD, showcasing a significant uptick in digital currency usage for cross-border transactions. The adoption of stablecoins in commerce reinforces their importance in streamlining global trade and addressing payment challenges.
Experts and critics emphasize the necessity for regulatory oversight to ensure the safe implementation of stablecoins like USDT in international trade, as their role is becoming increasingly vital amidst growing reliance on digital currencies.
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