The 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.

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