Golden Finance reported that Geoff Kendrick, head of digital asset research at Standard Chartered Bank, and Nick Philpott, co-founder of Zodia Markets, pointed out that the application of stablecoins is expanding from transaction collateral to cross-border payment, salary payment, trade settlement and remittance, especially in Brazil, Emerging markets such as Turkey, Nigeria, India and Indonesia have gained wide recognition. A YouGov survey shows that 69% of users use stablecoins as currency replacement, 39% use them to pay for goods and services, and another 39% use them for cross-border payments. Users prefer to directly hold tokenized assets in legal currencies such as U.S. dollars to reduce dependence on bank accounts. The current total market value of stablecoins has reached a new high of $190 billion, led by USDT (73%) and USDC (21%).