Odaily Planet Daily News: Recently, there have been market reports that Yiwu has accepted stablecoins to pay for foreign trade goods. In further research, reporters from the Daily Economic News have captured two completely different voices. One voice believes that the use of stablecoins in Yiwu has become common, and some merchants may be cautious and unwilling to disclose too much information. Another voice believes that it is not ruled out that some Yiwu merchants are willing to accept stablecoin payments, but the proportion of such merchants is very low, far from the level of "universal".
A person from a local association in Yiwu said: "According to our understanding, there are not many members and non-member enterprise friends who use stablecoins for settlement, or almost none. This private cryptocurrency that lacks actual endorsement has low recognition and is difficult to form a wide circulation."