According to online reports, in response to the Huatai Securities Research Report showing that stablecoins have become an important tool for cross-border payments in Yiwu, the 21st Century Business Report conducted an on-site survey on the use of stablecoins and found that most merchants said they had not heard of or understood stablecoins; There are also merchants who question its compliance, cost, etc.; only some merchants support stablecoins collection, but they are unwilling to go into more details. However, some merchants have shown interest in stablecoins or have a certain understanding. Some foreign trade merchants admitted that some overseas merchants have asked if they can use USTD or USDC to make payments. A local person in Yiwu who has long been concerned about virtual currencies said,"As far as I know, there are not a large number of merchants in Yiwu using stablecoins. At least people around me are not willing to use stablecoins for settlement." Yiwu Commodity City also stated that the company currently does not know the use of stablecoins in the Yiwu market and related data, but welcomes and supports Hong Kong's positive progress in the stablecoins regulatory framework. Yiwu Pay, the company's cross-border payment platform, will continue to pay attention to the relevant regulatory process, and will actively evaluate and submit relevant applications as soon as possible after the regulations are clear and the path is smooth.