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Crypto Stablecoins Find a Toehold in Shadows of Global Trade

  • Tether, USD Coin seen being used by some small merchants
  • Demand is increasing in Asia, Europe, payment firms say
Crypto Exchange Bitfinex, Tether Are Said Subpoenaed by CFTC
Photographer: Andrew Harrer/Bloomberg
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A controversial type of cryptocurrency is gaining in popularity among some small merchants operating in the shadows of mainstream commerce.

Businesses such as importers and exporters of goods ranging from baby products to furniture in Asia and Europe are using so-called stablecoins including Tether and USD Coin, according to payment processors and over-the-counter trading desks.