According to reports from Every Business Network, informed sources have revealed that Lianlian Digital has formed a dedicated team to accelerate the layout of its stablecoin business. They are evaluating the feasibility of applying for stablecoin licenses in Hong Kong and Singapore, with the goal of submitting applications as soon as possible after the 'Stablecoin Regulations' come into effect on August 1. The company holds a total of 65 payment licenses globally, and its wholly-owned subsidiary DFX Labs Company Limited was granted a VATP license by the Hong Kong SFC in December 2024.