The "Yiwu Payment," a cross-border payment platform operated by Yiwu International Trade City, will closely monitor the regulations concerning Hong Kong stablecoin licenses. The company has indicated that once the conditions are ripe, it will proactively evaluate the possibility and submit an application, with the objective of leveraging innovative payment instruments like stablecoins to offer more efficient and cost-effective cross-border payment solutions to merchants worldwide, particularly small, medium, and micro enterprises.