Is it true that Yiwu merchants start charging stablecoins?
Jul 09, 2025 pm 07:03 PMThe rumors that some merchants in Yiwu, Zhejiang have begun to accept USDT (Tether) and other stablecoins as trading payment settlement methods have attracted widespread attention. This article will explore the authenticity and scale of this phenomenon in depth, and introduce the major digital asset platforms that may be involved in conducting such transactions, providing readers with a clear global understanding.
Stablecoin Exchange in 2025:
Ouyi okx official website :
Binance binance official website:
Huobi htx official website:
Is it true that Yiwu merchants charge stablecoins?
Yes, this phenomenon is real, but it requires an accurate understanding of its background and scale. This is not an official policy, nor is it a common behavior of all merchants. It is a "civilian" solution spontaneously adopted by some merchants engaged in specific international trade to cope with the pain points in traditional foreign exchange settlement.
How many businesses currently accept
There are currently no precise official statistics to quantify the number of merchants accepting stablecoins. This is a business practice in a "gray zone" that merchants usually do not publicly promote. According to industry observations and media reports, it can be judged that this is a popular practice within the "small circle". Its scale may involve hundreds to thousands of merchants, mainly concentrated in specific industries or regions in Yiwu International Trade City with high foreign trade dependence and poor payment channels in the country of origin. It is far from "popular" and is more of a response strategy adopted by specific merchant groups to solve actual business problems.
Why choose stablecoin
Merchants choose stablecoins represented by USDT mainly based on the following reasons:
Value Stable: USDT is 1:1 anchored to the US dollar. Compared with cryptocurrencies such as Bitcoin, which have severe price fluctuations, it can effectively avoid exchange rate risks and play the role of "digital US dollar".
Convenient transaction: Cross-border transfers are completed almost instantly, and are not restricted by bank working hours and holidays, greatly improving the efficiency of capital turnover.
Low cost: Compared with traditional wire transfers that cost tens of dollars in handling fees and transfer bank fees, the cost of blockchain transfers is usually much lower.
Bypassing the barrier: For buyers who have difficulty completing remittances through regular banking systems, stablecoins provide a viable payment path that helps merchants maintain this group of customers.
Introduction to the mainstream trading platform entrance
1. Binance
As the world's largest cryptocurrency exchange, Binance has a huge user base and excellent liquidity. Its C2C platform supports a variety of fiat currencies, where merchants and users can buy and sell USDT easily and quickly. Binance's C2C market has strict merchant certification and dispute handling mechanisms, providing relatively high security guarantees for transactions.
2. Ouyi (OKX)
Ouyi is also one of the world's top exchanges, and its P2P trading market is very active. The platform provides a detailed merchant screening system and a variety of payment method options. Users can freely choose counterparty based on reputation, transaction rate and price. OKX has a friendly interface design and clear operation process, which is suitable for beginners and experienced users.
3. Huobi (HTX, original Huobi)
Huobi is an old Chinese-friendly exchange with a deep Asian user base. Its P2P transaction area is also mature in functions and supports multiple payment methods. For many Chinese users who were exposed to cryptocurrencies in the early days, Huobi is a very familiar platform, and its operating habits and customer service are more in line with local needs.
4. Gate.io
Gate.io is known for its rich currency and diversified financial products. Its C2C trading area also provides users with channels for fiat currency deposits and withdrawals. Although its C2C market may not be as large as the first three, it also provides the necessary security measures and trading options, and is a reliable option for users to exchange stablecoins.
5. KuCoin
KuCoin is known as the "100 Coin Exchange" and is known for its wide variety of currencies. Its P2P market has developed rapidly in recent years, supporting fiat currency transactions in many countries and regions around the world. For users looking for more transaction options or specific payment methods, KuCoin is a platform worth considering.
6. Bybit
Originally known for derivatives trading, Bybit has developed into a comprehensive trading platform. Its P2P trading functions are constantly being improved, providing preferential policies with zero handling fees to attract users, and investing a lot of resources in security and user experience, gradually becoming an important P2P trading market.
The above is the detailed content of Is it true that Yiwu merchants start charging stablecoins?. For more information, please follow other related articles on the PHP Chinese website!

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Yes, you can get USDT for free in the following 5 ways: 1. Participate in airdrop tasks on mainstream exchanges, such as registering and giving away, completing novice tasks, and inviting friends to get rewards; 2. Join the blockchain project community and obtain airdrops through Web3 social platform or Twitter/Discord interaction; 3. Participate in the "test network" activity, register the test chain address and simulate the use of DApp to get incentives; 4. Complete tasks on the cryptocurrency navigation platform to receive novice gift packages, participate in sign-in, lottery and other activities; 5. Interact with the content creation and community, and publish original content to obtain USDT rewards from the project party. At the same time, you need to pay attention to security risks, do not fill in private keys, do not believe in scams, and choose mainstream platforms to participate.

The duration of the airdrop dividend is uncertain, but the LayerZero, StarkNet and ZK ecosystems still have long-term value. 1. LayerZero achieves cross-chain interoperability through lightweight protocols; 2. StarkNet provides efficient and low-cost Ethereum L2 expansion solutions based on ZK-STARKs technology; 3. ZK ecosystem (such as zkSync, Scroll, etc.) expands the application of zero-knowledge proof in scaling and privacy protection; 4. Participation methods include the use of bridging tools, interactive DApps, participating test networks, pledged assets, etc., aiming to experience the next generation of blockchain infrastructure in advance and strive for potential airdrop opportunities.

USDT is not a scam, but there are risks. 1. Tether provides liquidity in the crypto market by issuing USDT, a stablecoin anchored by the US dollar; 2. The company's background is related to Bitfinex, and has been fined for audit issues but has increased transparency; 3. The reserve assets are mainly US Treasury bonds rather than pure cash, and there are certain financial risks; 4. Face risks such as insufficient audit frequency, centralized control and compliance restrictions; 5. The USDT market is highly accepted, but trust needs to be based on continuous disclosure and compliance operations. Overall, USDT is trustworthy but does not equal zero risk, and users should be cautious.

Is DAI suitable for long-term holding? The answer depends on individual needs and risk preferences. 1. DAI is a decentralized stablecoin, generated by excessive collateral for crypto assets, suitable for users who pursue censorship resistance and transparency; 2. Its stability is slightly inferior to USDC, and may experience slight deansal due to collateral fluctuations; 3. Applicable to lending, pledge and governance scenarios in the DeFi ecosystem; 4. Pay attention to the upgrade and governance risks of MakerDAO system. If you pursue high stability and compliance guarantees, it is recommended to choose USDC; if you attach importance to the concept of decentralization and actively participate in DeFi applications, DAI has long-term value. The combination of the two can also improve the security and flexibility of asset allocation.

To transfer USDT to the exchange for transactions, you must first confirm that the chain type matches, the address is correct, and complete real-name authentication. 1. Register and authenticate the mainstream exchange account with real name; 2. Confirm that the wallet is consistent with the USDT chain type of the exchange (such as TRC20); 3. Obtain the recharge address of the corresponding chain on the exchange and copy it accurately; 4. Initiate transfers from the wallet and pay the corresponding handling fee; 5. After arrival, you can trade in the spot or contract market; 6. Pay attention to checking the address, avoid transferring to the contract address, and give priority to low-processing networks. The entire process is usually completed in minutes, ensuring operational safety is key.

DAI is suitable for users who attach importance to the concept of decentralization, actively participate in the DeFi ecosystem, need cross-chain asset liquidity, and pursue asset transparency and autonomy. 1. Supporters of the decentralization concept trust smart contracts and community governance; 2. DeFi users can be used for lending, pledge, and liquidity mining; 3. Cross-chain users can achieve flexible transfer of multi-chain assets; 4. Governance participants can influence system decisions through voting. Its main scenarios include decentralized lending, asset hedging, liquidity mining, cross-border payments and community governance. At the same time, it is necessary to pay attention to system risks, mortgage fluctuations risks and technical threshold issues.

USDC is safe. It is jointly issued by Circle and Coinbase. It is regulated by the US FinCEN. Its reserve assets are US dollar cash and US bonds. It is regularly audited independently, with high transparency. 1. USDC has strong compliance and is strictly regulated by the United States; 2. The reserve asset structure is clear, supported by cash and Treasury bonds; 3. The audit frequency is high and transparent; 4. It is widely accepted by institutions in many countries and is suitable for scenarios such as DeFi and compliant payments. In comparison, USDT is issued by Tether, with an offshore registration location, insufficient early disclosure, and reserves with low liquidity assets such as commercial paper. Although the circulation volume is large, the regulatory recognition is slightly low, and it is suitable for users who pay attention to liquidity. Both have their own advantages, and the choice should be determined based on the purpose and preferences of use.

USDT cash exchange needs to be operated through a trading platform that supports fiat currency withdrawal. 1. Prepare a trading platform account that supports fiat currency withdrawal (such as Binance, Ouyi, Huobi, etc.); 2. Complete KYC real-name authentication; 3. Bind bank cards or Alipay and other payment methods; 4. Log in to the account and ensure that USDT is in the fund account or spot account; 5. Enter the OTC or fiat currency area and choose to sell USDT; 6. Set the sales amount and match the buyer; 7. After confirming the other party’s payment, click “Confirm Coin Delivery” to complete the transaction. Withdrawal methods include OTC fiat currency transactions, bank card withdrawals and third-party payments, among which OTC is more efficient. Notes include making sure to verify that the money is received before releasing, avoiding frequent large withdrawals, and contacting customer service in time when encountering abnormalities. The key to the entire process is to choose