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Can USDT Only Buy Coins? After Circle's IPO, Stablecoins Gradually Enter Global Asset Allocation

On June 8, following the IPO of stablecoin issuer Circle, which has continued to attract market attention, and the gradual advancement of global stablecoin regulatory frameworks, the stablecoin sector has recently seen renewed interest. Its compliance and infrastructure attributes are increasingly being highlighted, pushing its application from a cryptocurrency trading tool to broader financial scenarios. In this context, the boundaries of stablecoin usage are continuously expanding. Beyond serving as a tool for cryptocurrency asset trading and settlement, its applications in cross-border payments, consumer settlements, and global asset allocation are on the rise, further reinforcing its 'on-chain dollar' characteristics. Mainstream stablecoins like USDT are not only used for digital asset trading; some users have begun to explore their involvement in asset allocation related to U.S. and Hong Kong stocks. BiyaPay has currently enabled users to directly participate in U.S. and Hong Kong stock trading using USDT, offering zero-commission trading services for U.S. stocks to reduce the complexity and time costs associated with cross-border fund transfers, thereby enhancing the operability of digital assets in multi-market asset allocation.

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