On July 3, it was reported that Duodian Shuzhi was preparing to apply for a stablecoin license in Hong Kong, China. In this regard, the reporter contacted Duodian Shuzhi and got confirmation. Tang Yifan, the company's vice president and chief financial officer, said that the company is optimistic about the cryptocurrency field in the long term, has allocated Bitcoin and recruited Web3 talents to promote the strategy. Stablecoins can significantly improve the cross-border payment efficiency of its retail customers, reduce costs, and optimize consumer experience, which is in line with the trend of increasing penetration of cryptocurrencies in global business.