Multi point Intelligence: Preparing to apply for a stablecoin license in Hong Kong, China

On July 3rd, it was reported that Duodianzhi is preparing to apply for a stablecoin license in Hong Kong, China. Regarding this, the reporter contacted multiple sources of intelligence and received confirmation. Vice President and Chief Financial Officer of the company, Tang Yifan, stated that the company has a long-term outlook on the cryptocurrency field and has deployed Bitcoin and recruited Web3 talents to advance its strategy. Stablecoins can significantly improve cross-border payment efficiency, reduce costs, and optimize consumer experience for their retail customers, in line with the trend of increasing penetration of cryptocurrencies in global commerce. (People's Financial News)