Yiwu local association responds to stablecoin settlement: Almost none, low recognition and difficult to form widespread circulation
Odaily News Recently, there have been market reports that Yiwu has accepted stablecoins to pay for foreign trade goods. In further research, the reporter of Daily Economic News captured two completely different voices. One voice believes that the use of stablecoins has become common in Yiwu, 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 reaching the level of universal.
A person from a relevant association in Yiwu said: According to our understanding, there are not many member units and non-member enterprise friends who use stablecoins for settlement, or almost none. This kind of private cryptocurrency without actual endorsement has low recognition and is difficult to form a wide circulation.
You may also like

Why Are GPU Prices Skyrocketing Out of Control?

How to Master Claude Cowork Completely?

70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'

Is Altcoin Season Starting in 2026? What Traders Should Watch Now
Altcoin season signals are becoming clearer in 2026 as capital rotation across crypto markets accelerates. Here’s what traders should watch and how strategy-based participation is evolving in the current market cycle.

Bitcoin ETF Inflows in 2026: Impact on BTC Price and Crypto Market Trends
Bitcoin ETF inflows are reshaping BTC price trends and crypto market liquidity in 2026. See how institutional capital is influencing volatility, trading behavior, and portfolio allocation strategies across crypto markets.

Visa's Stablecoin Strategy: Cards, Settlement, and the Future

Stock Market Split

How to capture the next Alpha in the narrative of predictive markets?

"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder

The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here

Oil prices are approaching a critical point. What will happen in mid-April?

The oil price is approaching a critical point, what will happen in mid-April?

Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Who else cannot be distilled into skill?

Who else cannot be distilled into skill?

The huge shock in the South Korean cryptocurrency market: How should traders view it?

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market
Why Are GPU Prices Skyrocketing Out of Control?
How to Master Claude Cowork Completely?
70-Page Confidential Letter Alleges First Charge of 'Lying,' Altman Tells Board 'I Can't Change My Personality'
Is Altcoin Season Starting in 2026? What Traders Should Watch Now
Altcoin season signals are becoming clearer in 2026 as capital rotation across crypto markets accelerates. Here’s what traders should watch and how strategy-based participation is evolving in the current market cycle.
Bitcoin ETF Inflows in 2026: Impact on BTC Price and Crypto Market Trends
Bitcoin ETF inflows are reshaping BTC price trends and crypto market liquidity in 2026. See how institutional capital is influencing volatility, trading behavior, and portfolio allocation strategies across crypto markets.
