Small commodity city responds to whether it has applied for a Hong Kong stablecoin license.

In response to whether they are prepared to apply for a Hong Kong stablecoin license, Xiaoguo City stated on the interactive platform on the 18th that the company operates the world's largest small commodity trading market and naturally has a massive and high-frequency cross-border trade settlement scene. Innovative payment tools such as stablecoins have the potential to provide more efficient and cost-effective cross-border payment solutions for global merchants, especially small and medium-sized enterprises, which aligns with our mission of serving physical trade. We welcome and support Hong Kong's positive progress in stablecoin regulatory frameworks. Our cross-border payment platform "Yipay" will continue to monitor the progress of relevant regulations, and will actively evaluate and submit relevant applications as soon as regulations are clear and paths are open.