According to online reports, Tianyang Technology (stock code 300872) stated in an institutional survey that Jingdong, Ant and other institutions have participated in the Hong Kong dollar stablecoin pilot. They have adopted an open ecosystem strategy and hope that more partners will participate. The circulation of stablecoin outside its own ecosystem still requires infrastructure support from third-party organizations, and there are clear opportunities for cooperation in the circulation process. At present, the company has entered a late stage of cooperation with a Hong Kong dollar stablecoin issuer. (Sina Finance)