Tensun Capital plans to apply for a Hong Kong stablecoin license.

Tiensheng Capital has announced its plans to apply for a Hong Kong stablecoin license by establishing a digital asset trading and exchange company, and plans to use its stablecoin as the digital currency for its art transactions and exchange, promoting the trading of art and cultural relics in Hong Kong among various countries. According to reports, Tiensheng Capital hopes to use the Hong Kong stablecoin platform as a compliant digital payment solution, focusing on cross-border trade settlement services. [Foresight News]