According to Guandian.com, Hong Hao, chief economist at Si Rui Group, said that the stablecoin market is still very small, with only $250.0 billion. As more and more participants join, it will soon exceed $1 trillion. Stablecoins are a new source of demand for U.S. Treasury bonds, especially with the U.S. fiscal situation so severe, and all this help from stablecoins is needed. Hong Hao said that China should use stablecoin technology. In terms of transaction speed and very low transaction costs, stablecoins outperform everything else, especially when it comes to cross-border transactions. For China, nearly 50% of cross-border trade is now settled in RMB. Therefore, in order for foreign participants to buy and sell more with China, stablecoins are one of the better ways to solve the cost and speed problems of cross-border transactions. [Foresight News]

Hong Hao: The size of stablecoins will soon exceed one trillion dollars, and China should use stablecoin technology