On July 14, VSTECS Holdings Limited (00856.HK) announced on the Hong Kong Stock Exchange that the company has recently begun cooperation negotiations to explore solutions for stablecoin payment and settlement.

The cooperation discussion mainly focuses on the company's ICT product distribution, supply chain services, and digital ecosystem business in Southeast Asia. This cooperation discussion does not involve any cryptocurrency speculation. The discussion is in the preliminary stage and no legally binding agreement has been reached. (Golden Ten)