TechFlow news, June 18 — According to Jinshi Data, on the 18th, in response to whether it is preparing to apply for a Hong Kong stablecoin license, Xiaoshangpin City stated on its interactive platform that the company operates the world's largest small commodities trading market, which naturally offers vast and high-frequency cross-border trade settlement scenarios. Innovative payment tools such as stablecoins have the potential to provide global traders, especially SMEs, with more efficient and low-cost cross-border payment solutions, aligning with our mission of serving real-world trade. We welcome and support Hong Kong’s proactive progress in establishing a stablecoin regulatory framework. Our cross-border payment platform "YiwuPay" will continue monitoring the regulatory developments and, once regulations are clear and pathways established, actively evaluate and promptly submit relevant applications.
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