Dotted Digital Limited: Purchasing Bitcoin and Preparing to Apply for a Stablecoin License

On July 3rd, according to Zhitong Finance, Dmall announced that the company is preparing to apply for a stablecoin license and has purchased Bitcoin through HashKey Exchange. The investment is funded by the company's existing cash reserves. The company has signed a strategic cooperation agreement with HashKey Group, and the two parties will carry out in-depth cooperation in the fields of digital asset trading, Web3 technology development and application, and blockchain ecosystem construction. The company has started preparing to apply for a stablecoin license and plans to work with HashKey Group to optimize payment solutions, enhance consumer experience, and promote the widespread application of stablecoins in retail payment scenarios. In the future, the two parties plan to actively participate in the pilot projects of Hong Kong regulatory authorities to jointly promote the issuance and popularization of stablecoins. [Shenchao TechFlow]