Yinzhijie: follow the stablecoin field, but has not yet started relevant R&D work.

Gate News bot news, recently the Hong Kong SAR government announced that the Stablecoin Regulation will take effect on August 1, attracting industry follow.

Several publicly listed companies have responded to related inquiries or reports, among them: Yinzhijie stated that the company is following the application and industry development of stablecoins, and currently has not carried out the research and development of technical products or platforms for stablecoins.

Xiongdi Technology pointed out that the news about "subsidiary participating in Hong Kong stablecoin qualification" is not true.

Source: Jin Shi