TechFlow, July 10 — According to Zhitong Caijing, Tianyuan Digitech stated on its interactive platform that its wholly-owned subsidiary, Vinnet, has been closely monitoring the Hong Kong Monetary Authority's policies and guidelines regarding stablecoins, and has participated in system upgrades for some Hong Kong bank clients related to stablecoin operations, such as stablecoin fund custody. Vinnet has implemented digital yuan projects for multiple banks and possesses certain technical reserves in stablecoin issuance, circulation, trading, operations, and RWA. The company will continue to monitor future developments in stablecoins and provide technical services to relevant institutions.
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