Nano Labs, a Web3 infrastructure company, plans to apply for licenses related to Hong Kong dollar and offshore RMB stablecoins following the implementation of the Hong Kong Stablecoin Ordinance on August 1, 2025. The company aims to collaborate with other institutions to expand its stablecoin business. Additionally, Nano Labs will develop a technical framework based on Bitcoin and Binance Smart Chain (BSC) to bolster the stablecoin ecosystem. The ordinance is part of Hong Kong's strategy to enhance its standing in the global digital asset market.