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Tiansheng Capital announced plans to apply for a Hong Kong stablecoin license.
Golden Finance reported that Tiansheng Capital announced plans to apply for a Hong Kong stablecoin license by establishing a digital asset trading and exchange settlement company, and plans to use its stablecoin as the digital money for its art trading and exchange settlement, promoting art and cultural relic transactions in Hong Kong from various countries. According to reports, Tiansheng Capital hopes to use the Hong Kong stablecoin platform as a Compliance digital payment solution, focusing on cross-border trade settlement services.