Vanuatu's state-owned South Pacific Digital Technology Holdings is considering applying for a Hong Kong stablecoin issuer license.

According to Techub News and a report from the Wen Wei Po, the Republic of Vanuatu in the South Pacific held a national resource promotion conference in Hong Kong, during which the South Pacific Digital Technology Holdings, led by the government as a major shareholder, signed a memorandum of cooperation with Jiamu Technology, Cloud Voice, Tridens Investment, and BitTrade Co., Ltd. Zeng Xiangyun, the executive director of South Pacific Digital Technology Holdings, stated that the purpose of this cooperation is to deploy development in the Web3 field, including digital assets, crypto assets trading platforms, payment technology, and artificial intelligence; at the same time, they are considering applying for a stablecoin issuer license after the "Stablecoin Regulation" takes effect in Hong Kong on August 1, with plans to issue a Hong Kong dollar stablecoin, which will involve applications in payment and trade.

Zeng Xiangyun revealed that the company has rented a 600 square meter office in Wan Chai, Hong Kong, as its operational headquarters. Currently, there are already dozens of employees, and he stated that "a lot of funds will be invested in Hong Kong." In the future, they plan to continue hiring based on development and increase investment in Hong Kong, and do not rule out the possibility of an IPO in the future. In addition, he also met with the Chief Executive of the Special Administrative Region, John Lee, and communicated with the Monetary Authority, indicating that the Special Administrative Region government warmly welcomes South Pacific Digital Technology to invest and practice business in Hong Kong.