Foresight News reports that Tian Sheng Capital plans to apply for a Hong Kong stablecoin license by establishing a digital asset trading and settlement company, intending to use its stablecoin as the digital currency for its art trading and settlement, promoting art and cultural relic transactions from various countries in Hong Kong. According to reports, Tian Sheng Capital aims to utilize the Hong Kong stablecoin platform as a compliant digital payment solution, focusing on cross-border trade settlement services.