Cracking the challenges of cross-border settlement with small cryptocurrencies: Banks leverage a combination of strategies to empower foreign trade enterprises going global.

During visits to various foreign trade enterprises and commercial banks, reporters found that the banking industry is actively promoting a combination of cross-border financial services. Since the beginning of this year, several banks have launched direct settlement services for small currencies, eliminating the need for U.S. dollar intermediaries and reducing foreign exchange costs for companies. Some banks, in response to enterprise needs, have customized differential exchange rate hedging solutions. With multiple forces empowering the sector, the "capillaries" of cross-border finance are being restructured.