Nano Labs Ltd. Intends to apply for licenses for stablecoins tied to the Hong Kong dollar and offshore Renminbi under the new Stablecoins Bill, taking effect on August 1, 2025. This initiative aims to strengthen Hong Kong’s digital finance landscape.
The company plans to develop a technical framework utilizing Bitcoin and Binance networks to support successful stablecoin issuance. Other companies are also eyeing stablecoin licenses, seeking to capitalize on the opportunities in Hong Kong’s emerging digital asset market.
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