PANews June 14 news, according to the Daily Economic News, Ant International and Ant Digital plan to apply for a stablecoin license in Hong Kong, and Lianlian Digital is also exploring applying for a license in Hong Kong. Xiaomi's Tianxing Bank announced a stablecoin collaboration with JD's JD Coin Chain Technology, which has also become one of the first participants in the Hong Kong Monetary Authority's stablecoin issuer 'sandbox'. The stablecoin market is rapidly expanding, with the global total market value rising to approximately $246.382 billion. In the international market, banks like Bank of America and PayPal have announced the development of stablecoins, targeting the cross-border payment market. Mastercard will add a 'stablecoin settlement' option in April 2025 to encourage merchant adoption.
