U.S. 8-week Treasury auction as of July 31 - Winning Intrerest Rate

Yiwu, USDT, these two seemingly unrelated terms are now being placed in the same context. As the "World Capital of Small Commodities", merchants in Yiwu used to sell their products to the Middle East, Latin America, and Africa through layers of agent bank transfers, which not only took a long time and incurred high costs but also often faced the risk of fund blockage. In recent years, the situation has been quietly changing. According to a research report by Huatai Securities, stablecoins have become one of the important tools for cross-border payments in Yiwu. Buyers only need to complete the transfer on their mobile phones, and the funds can arrive within a few minutes. Chainalysis even estimates that the on-chain stablecoin flow in the Yiwu market exceeded 10 billion USD as early as 2023. Although the follow-up research from the 21st Century Economic Report indicates that most merchants in Yiwu have not heard of or do not understand stablecoins, and only a few merchants support stablecoin payments, this precisely shows that it is still in its early stages.

Stablecoin rails also transform person-to-person (P2P) transactions, cross-border remittances included. For a $200 transfer, banks charge the highest fees (~12.66%), while money-transfer operators (MTOs) charge ~5.35% and mobile carriers ~3.87%. By contrast, stablecoin platforms can dramatically undercut these rates👀 ‍#CryptoObservers#

NEW: Stablecoins are reshaping P2P payments and remittances, cutting fees on a $200 transfer to near zero compared to banks (12.66%), MTOs (5.35%), and mobile carriers (3.87%).

⚡️ NEW: Stablecoins are reshaping P2P payments and remittances, cutting fees on a $200 transfer to near zero compared to banks (12.66%), MTOs (5.35%), and mobile carriers (3.87%).

#MTOS#