According to news from CoinWorld, regarding whether to apply for a Hong Kong stablecoin license, the Small Commodity City stated on the interactive platform on the 18th that the company operates the world's largest small commodity trading market, naturally possessing a vast and high-frequency cross-border trade settlement scenario. Innovative payment tools such as stablecoins have the potential to provide more efficient and low-cost cross-border payment solutions for global clients, especially small and micro enterprises, aligning with our mission to serve实体贸易. We welcome and support Hong Kong's positive progress in the stablecoin regulatory framework, and our cross-border payment platform 'Yi Pay' (YiwuPay) will continue to monitor the relevant regulatory process, and will actively assess and submit relevant applications as soon as the regulations are clear and the path is smooth.