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Guangfa Securities: Stablecoins Will Drive the RMB's Global Payment Activity to New Heights

3 hours ago

On July 27th, Guosen Securities released a research report indicating that the global retail cross-border payment market is projected to reach $39.9 trillion in 2024. According to the forecast of FXC Intelligence, this value will rise to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In the business hierarchy of RMB cross-border settlement and multi-currency settlement, third-party payment institutions have been deeply integrated into the payment full-chain service ecosystem and are playing a significant role. It is anticipated that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and the diversification of application scenarios. Consequently, the revenue growth space for third-party payment companies is promising. (Daily Economic News)
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