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

BlockBeats News, July 27th, Guosen Securities released a research report stating that the global retail cross-border payment market is expected to reach $39.9 trillion in 2024. According to FXC Intelligence's forecast, this figure 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 settlement and multi-currency settlement, third-party payment institutions have been deeply integrated into the payment full-chain service ecosystem, playing a significant role.

It is expected that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and the diversification of application scenarios. Therefore, the revenue growth space for third-party payment companies is promising. (Daily Economic News)