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

Guosen Securities stated that the Lujiazui Financial Forum will be held on June 18, and several heavyweight financial policies are expected to be announced. Recently, financial technology has accelerated the development of stablecoins with a "revolutionary" potential. Considering the convenience of stablecoins in cross-border payment scenarios, the trend of using stablecoins to replace traditional cross-border payments is likely to continue. Compared to the current market value of stablecoins, which is close to $250 billion USD, the demand for stablecoins in cross-border payments, which has a transaction volume of nearly $200 trillion USD, still has significant room for growth.