Small Commodity City: Its YiwuPay will actively evaluate the application for a Hong Kong stablecoin license to assist in the innovation of global trade payments.
[Chain News] PANews June 18th news, regarding whether to apply for a Hong Kong stablecoin license, A-share listed company Small Commodity City stated on the interactive platform that the company operates the world's largest small commodity trading market, naturally possessing a massive and high-frequency cross-border trade settlement scenario. Innovative payment tools such as stablecoins have the potential to provide more efficient and low-cost cross-border payment solutions for global customers, especially small and micro enterprises, aligning with our purpose of serving实体贸易. We welcome and support Hong Kong's positive progress in the stablecoin regulatory framework, and the company's cross-border payment platform "YiwuPay" will continue to follow the relevant regulatory process, and will actively evaluate and submit relevant applications as soon as the regulations are clear and the path is open. The company is committed to combining its enormous实体贸易 scenario advantages with financial technology innovation to create greater value for global customers and contribute to the circulation of daily consumer goods. Currently, the relevant business has not yet been launched, and there are uncertainties, so investors are advised to pay attention to investment risks.
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CryptoTherapist
· 14h ago
sensing major copium in this stablecoin narrative... let's unpack the market's collective anxiety here
Reply0
Layer2Observer
· 14h ago
Real-world applications are the key.
Reply0
NFTArchaeologis
· 14h ago
Yiwu is like a digital Silk Road, where tokens reflect the epic history of merchants.
Reply0
PerpetualLonger
· 14h ago
Daily fee more than 10 times, even in a Bear Market, we must fight to the end.
Small Commodity City: Its YiwuPay will actively evaluate the application for a Hong Kong stablecoin license to assist in the innovation of global trade payments.
[Chain News] PANews June 18th news, regarding whether to apply for a Hong Kong stablecoin license, A-share listed company Small Commodity City stated on the interactive platform that the company operates the world's largest small commodity trading market, naturally possessing a massive and high-frequency cross-border trade settlement scenario. Innovative payment tools such as stablecoins have the potential to provide more efficient and low-cost cross-border payment solutions for global customers, especially small and micro enterprises, aligning with our purpose of serving实体贸易. We welcome and support Hong Kong's positive progress in the stablecoin regulatory framework, and the company's cross-border payment platform "YiwuPay" will continue to follow the relevant regulatory process, and will actively evaluate and submit relevant applications as soon as the regulations are clear and the path is open. The company is committed to combining its enormous实体贸易 scenario advantages with financial technology innovation to create greater value for global customers and contribute to the circulation of daily consumer goods. Currently, the relevant business has not yet been launched, and there are uncertainties, so investors are advised to pay attention to investment risks.