Limited Use of Stablecoins Observed Among Shenzhen Merchants

According to Foresight News, a recent investigation by 21st Century Business Herald revealed limited adoption of stablecoins among merchants in Shenzhen's Huaqiangbei area. The report involved visits to five major shopping centers, including SEG Electronics Market, SEG Communication Market, Modern Window Digital Plaza, Yuanwang Digital Mall, and Longsheng Accessories City, where dozens of merchants were interviewed. Additionally, over 20 online merchants from Huaqiangbei were consulted regarding their use of stablecoins in transactions. The findings indicated that only a few merchants have either used or considered using stablecoins, while the majority remain unfamiliar with the concept. This suggests that despite the growing global interest in digital currencies, stablecoin usage among Shenzhen's electronics merchants is still in its nascent stages.