BlockBeats News, June 8th, as stablecoin issuer Circle continues to attract market attention following its listing, coupled with the gradual advancement of global stablecoin regulatory frameworks, the stablecoin race has once again heated up recently. The compliance and infrastructural attributes of stablecoins have received further attention, driving their expansion from a cryptocurrency trading tool to a broader financial application.

Against this backdrop, the utility of stablecoins continues to expand. In addition to serving as a settlement tool for cryptocurrency assets, their application in cross-border payments, consumer settlements, and global asset allocation is increasing, further strengthening the concept of "on-chain dollars." In addition to being used for digital asset trading, mainstream stablecoins such as USDT are now being used by some users to participate in US and Hong Kong stock market-related operations.

BiyaPay currently supports users to directly participate in US and Hong Kong stock trading using USDT and provides zero-commission trading services for US stocks. This aims to reduce the operational complexity and time cost of cross-border fund transfers, thereby enhancing the operability of digital assets in multi-market asset allocation to some extent.