Stablecoins in Yiwu: Most merchants are unfamiliar, a few have started to accept.

Gate News bot message, the 21st Century Business Herald recently visited Yiwu to investigate the use of stablecoins in the area. Although there are rumors that Yiwu has cases of accepting stablecoin payments for foreign trade goods, the investigation results show that most merchants are still unfamiliar with stablecoins or hold a wait-and-see attitude.

In the survey, most merchants indicated that they had not heard of stablecoins or did not understand the concept. Some merchants raised questions about the compliance and usage costs of stablecoins. Currently, only a few merchants expressed support for using stablecoins for payments. This phenomenon reflects that the application of stablecoins in the Yiwu trade sector is still in its infancy.