Everbright Securities: Stablecoins will drive global RMB payment activity to rise

According to BlockBeats, on July 27th, Everbright Securities released a research report stating that the global retail cross-border payment market will reach $39.9 trillion in 2024. According to FXC Intelligence's forecast, this market size will increase 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 clearing and multi currency settlement, third-party payment institutions have been deeply embedded in the entire payment chain service ecosystem, playing an important role. It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, so the revenue growth space for third-party payment companies is promising. (Daily Economic News)