The Small Commodity City responds to whether it has applied for a Hong Kong stablecoin license.

Jin10 Data June 18 news, regarding whether to apply for a Hong Kong stablecoin license, the Small Commodity City stated on the interactive platform on the 18th that the company operates the world's largest small commodity trading market, naturally possessing a vast 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 businesses, especially small and micro enterprises, aligning with our mission to serve the real trade. We welcome and support Hong Kong's positive progress on the stablecoin regulatory framework, and the company's cross-border payment platform "YiwuPay" will continue to follow the relevant regulatory processes, and will actively assess and submit related applications as soon as the regulations are clarified and the paths are clear.