Haycen, a trade finance company, has obtained a stablecoin issuance license from the Bermuda Monetary Authority. The company intends to launch stablecoins pegged to multiple currencies, including a British pound token, with a 1:1 collateralization. Targeting B2B businesses, regulated entities, and non-bank lenders in the cross-border trade finance sector, Haycen aims to reduce capital costs and enhance cash flow control for its clients. The stablecoin initiative is fully collateralized and supported by partnerships with Northern Trust and the UK's National Security Strategic Investment Fund. Haycen's move addresses the underserved needs of the trade finance sector, offering a new financial tool for businesses engaged in international trade.