Sanwei Xin'an has confirmed its involvement in the Hong Kong Virtual Money and stablecoin business.

According to Gate News bot, as reported by Caixin, the listed company Sanwei Xinan disclosed its latest progress in the Web3.0 application field through an interactive platform. Sanwei Xinan stated that, as a provider of cryptographic infrastructure, the company focuses on Web3.0 related applications, including the stablecoin business widely used in cross-border payment scenarios.

The company further revealed that it has officially participated in the virtual currency and stablecoin-related businesses in the Hong Kong region based on years of accumulated cryptographic technology and project implementation experience, providing security assurance services for these businesses.

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