PANews reported on April 12th, citing Coindesk, that due to escalating geopolitical conflicts related to Iran, Western banks are accelerating their withdrawal from some commodity trade finance businesses due to compliance and sanctions risks. This is leading to the "de-banking" of traders, who are turning to stablecoins for cross-border settlements. Banks are concerned that seemingly compliant transactions may indirectly expose them to sanctioned entities, thus choosing to directly shrink or even withdraw from trade finance exposure in relevant regions. This is causing traditional financial payment and settlement channels to tighten continuously, with stablecoins (especially USDT pegged to the US dollar) becoming alternative settlement tools. Their usage frequency is increasing in emerging market trade payments. Data shows that the market capitalization of stablecoins has exceeded $300 billion, and on-chain transaction volume has exceeded $4 trillion, accounting for approximately 30% of total on-chain activity.