ChainCatcher news, according to Jinshi Data reports, 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, inherently 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 merchants, especially small and micro enterprises, aligning with our mission to serve the real economy.We welcome and support Hong Kong's positive progress in the stablecoin regulatory framework. The company's cross-border payment platform "YiwuPay" will continue to monitor the relevant regulatory process and will actively assess and submit relevant applications as soon as the regulations are clarified and the path is clear.