According to the latest news, on June 18, the Small Commodity City responded to questions regarding the Hong Kong stablecoin license application on the investor interaction platform. As the world's largest operator of small commodity trading markets, the Small Commodity City stated that the company inherently possesses a vast and high-frequency cross-border trade settlement scenario.

The Small Commodity City pointed out that innovative payment technologies such as stablecoins have the potential to provide more efficient and cost-effective cross-border payment solutions for global merchants, especially small and micro enterprises, which is highly consistent with the company's core philosophy of serving实体贸易.

Regarding the latest developments in the regulatory framework for stablecoins in Hong Kong, the Small Commodity City holds a welcoming and supportive attitude. The company's cross-border payment platform "YiPay"(YiwuPay) will continue to track the relevant regulatory processes and is committed to actively assessing and promptly submitting the necessary application materials once the regulations are clear and the path is unobstructed.

This initiative reflects the trend of traditional trade markets actively embracing financial technology innovations and shows that companies are optimistic about the prospects of digital payment tools in cross-border trade.