Everbright Securities: Stablecoins Will Drive the Rise of RMB Global Payment Activity

According to a report by Jinse Finance, Everbright Securities has released a research paper stating that the global retail cross-border payments market will reach $39.9 trillion in 2024. FXC Intelligence forecasts that this figure will rise to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In business areas such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have become deeply integrated into the full-chain payment service ecosystem, playing a vital role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, thereby creating significant revenue growth opportunities for third-party payment companies. (Daily Economic News)