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Guangda Securities: Stablecoins to Drive Renminbi Global Payment Activity
Summary: According to reports from Guangda Securities, the global retail cross-border payment market is expected to reach $39.9 trillion in 2024. FXC Intelligence predicts that by 2032, this figure will increase to $64.5 trillion, with a compound annual growth rate of 6.2% from 2024 to 2032. Third-party payment institutions have deeply embedded themselves in the payment ...
According to reports from Guangda Securities, the global retail cross-border payment market is expected to reach $39.9 trillion in 2024. FXC Intelligence predicts that by 2032, this figure will increase to $64.5 trillion, with a compound annual growth rate of 6.2% from 2024 to 2032. Third-party payment institutions have deeply embedded themselves in the payment ecosystem at various levels such as Renminbi cross-border clearing and multi-currency settlement, playing a significant role.
It is anticipated that stablecoins will drive the global expansion of Renminbi cross-border payment infrastructure and diversification of application scenarios, leading to growth opportunities for third-party payment companies. (Daily Economic News)
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