SanSan Media's application for a stablecoin license in Hong Kong reflects its strategic expansion into the digital currency sector, utilizing new share placements and existing cash reserves for funding.
On July 15, China's SanSan Media (08087.HK) announced its plan to apply for a stablecoin license in Hong Kong. The funding will derive from its existing cash reserves and net proceeds from a share placement, highlighting its strategic commitment to the digital currency market.