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Everbright Securities: Stable currencies will drive RMB global payment activity to rise

According to online reports, Everbright Securities released a research report that the global retail cross-border payment market will reach US$39.9 trillion in 2024. According to FXC Intelligence's forecast, this scale will increase to US$64.5 trillion in 2032, with a compound annual growth rate from 2024 to 2032 reaching 6.2%. In business levels such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have been deeply embedded in the payment full-link service ecosystem and play an important role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversification of application scenarios, so there is room for revenue growth of third-party payment companies. (Daily Economic News)

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