TechFlow news, June 26 — According to Jinshi Data, A-share listed company Sunline Co., Ltd. stated on its interactive platform that it has begun research and development on digital solutions related to stablecoins. The company is also actively seeking potential institutions involved in stablecoin issuance and operations through its own channels and partner networks for collaboration. Among the multiple institutions participating in Hong Kong's stablecoin sandbox testing, Sunline currently maintains long-term business relationships with Standard Chartered Bank.
Impacted by this news, the company's stock rose 7.12% during the day, currently trading at 17.14 yuan.
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