Yiwu local association responds to stablecoin settlement: Almost none, low acceptance and difficult to form widespread circulation

Recently, market news has circulated that Yiwu already has cases of accepting stablecoin payments for foreign trade goods. In further research, the "Daily Economic News" reporter captured two distinctly different voices. One voice believes that the use of stablecoins in Yiwu has become widespread, and some merchants may be unwilling to disclose too much information out of caution. The other voice believes that it cannot be 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 "widespread."
A person from a relevant local association in Yiwu said: "According to our understanding of member units and non-member business friends, there are really not many, or almost none, who use stablecoins for settlement. This kind of private cryptocurrency lacking actual endorsement has a low level of recognition and is difficult to form widespread circulation." [Odaily Planet Daily]