Hong Kong Dollar Stablecoin Pilot Involves Major Institutions

According to Foresight News, Tianyang Technology (stock code 300872) revealed during an institutional survey that major entities like JD.com and Ant Group are participating in the Hong Kong dollar stablecoin pilot. The company is adopting an open ecosystem strategy, aiming to involve more partners in the initiative. However, the circulation of the stablecoin outside its own ecosystem requires infrastructure support from third-party institutions, presenting clear collaboration opportunities for the U Card in the circulation process. Currently, Tianyang Technology is in the advanced stages of cooperation with a Hong Kong dollar stablecoin issuing institution.