According to CoinMeta, Wu said that the p2p cryptocurrency trading platform peer announced that its beta version now supports users to buy and sell USDC using Alipay in Renminbi. Users can pay Renminbi to sellers to purchase USDC, or sell USDC and receive Renminbi through Alipay. The USDC involved in the transactions is locked in an on-chain custody contract and will be released after payment verification. peer stated that since August 21st, 45 buyers have completed 107 related orders, with a total transaction amount of about 7,094 US dollars.