After Ant International, LianLian Digital is also applying for stablecoin licenses in Hong Kong and Singapore.

This is a trend-oriented layout, as domestic giants are entering the Web3 space through the Asian market.

They hold payment scenarios and vast amounts of capital; once compliance licenses are obtained, the gateway for real funds to enter the crypto world will be opened. The landscape of the stablecoin market may be completely rewritten as a result.

The Hong Kong stablecoin sandbox must be closely monitored; whoever obtains the first batch of licenses will be the key to unlocking the trillion-dollar capital door in Asia.

It is said that: three companies, Ant, JD, and Yuan Coin.