EDA GROUP HLDGS partners with UTCPAY to launch a stablecoin payment solution

EDA GROUP HLDGS (02505.HK) announced that yesterday (27th), it reached a partnership agreement with UTCPAY for cooperation. The two parties will engage in in-depth collaboration in the fields of digital asset trading, Web3 technology, and blockchain applications, leveraging their respective professional capabilities and resource advantages, aiming to provide advanced and professional digital asset payment service solutions for the group's cross-border e-commerce clients.

UTCPAY agrees to provide the group with access rights to its digital asset payment solution technology but will not participate in the group's client fund settlement business. The group agrees to utilize the technology provided by UTCPAY to support its clients in completing digital asset transactions and will exercise full control over the fund settlement service needs of the group's clients using UTCPAY's digital asset payment solution technology.

The group will work with UTCPAY to launch technical services, including stablecoin payments, optimize payment solutions, enhance customer experience, and promote the widespread application of stablecoins in payment scenarios within the cross-border e-commerce logistics industry