Minsheng Securities: The trend of using stablecoins to replace traditional cross-border payments in cross-border payments may continue to advance

Minsheng Securities stated that the Lujiazui Financial Forum on June 18th is about to be held, and several heavyweight financial policies are expected to be released. Recently, the "revolutionary" stablecoin in financial technology has accelerated its promotion. Considering the convenience of stablecoins in cross-border payment scenarios, the trend of using stablecoins to replace traditional cross-border payments in the future may continue to advance. Compared to the current market value of nearly 250 billion US dollars of stablecoins, the nearly 20 trillion US dollars of transaction volume in cross-border payments still has significant growth potential for the demand for stablecoins.