Stock Track | EDA GROUP HLDGS Soars 10.53% on Partnership with UTCPAY for Stablecoin Payment Services

Stock Track

Aug 28

EDA GROUP HLDGS (02505.HK) saw its stock price soar by 10.53% in early trading on Thursday, following the announcement of a strategic partnership with UTCPAY Limited to launch stablecoin payment services. This collaboration marks a significant step for EDA Group in entering the burgeoning digital asset and Web3 space, aligning with Hong Kong's recent regulatory developments in cryptocurrency transactions.

The partnership aims to leverage both companies' expertise in digital asset trading, Web3 technology, and blockchain applications. UTCPAY will provide technology access for digital asset payment solutions, while EDA Group will manage monetary settlements for its cross-border e-commerce clients. This move is expected to enhance payment efficiency, reduce costs, and better serve the needs of EDA Group's clientele in the cross-border e-commerce logistics industry.

Investors appear optimistic about this development, as it positions EDA Group to capitalize on the growing adoption of cryptocurrencies in global business. The collaboration aligns with Hong Kong's supportive stance on Web3 technologies, including the recent implementation of the "Stablecoin Ordinance" on August 1, 2025. As Hong Kong continues to create a favorable environment for sustainable Web3 industry development, EDA Group's strategic move into digital asset payments could potentially open up new revenue streams and market opportunities.

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This collaboration marks a significant step for EDA Group in entering the burgeoning digital asset and Web3 space, aligning with Hong Kong's recent regulatory developments in cryptocurrency transactions.</p>\n\n<p>The partnership aims to leverage both companies' expertise in digital asset trading, Web3 technology, and blockchain applications. UTCPAY will provide technology access for digital asset payment solutions, while EDA Group will manage monetary settlements for its cross-border e-commerce clients. This move is expected to enhance payment efficiency, reduce costs, and better serve the needs of EDA Group's clientele in the cross-border e-commerce logistics industry.</p>\n\n<p>Investors appear optimistic about this development, as it positions EDA Group to capitalize on the growing adoption of cryptocurrencies in global business. 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As Hong Kong continues to create a favorable environment for sustainable Web3 industry development, EDA Group's strategic move into digital asset payments could potentially open up new revenue streams and market opportunities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02505","symbol_name":"EDA集团控股","start_time":0,"source_url":"","article_id":"1129335154","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129335154","pubTimestamp":1756344812,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"EDA GROUP HLDGS (02505.HK) saw its stock price soar by 10.53% in early trading on Thursday, following the announcement of a strategic partnership with UTCPAY Limited to launch stablecoin payment...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02505":"EDA集团控股"},"translate_title":"股票追踪|EDA GROUP HLDGS与UTCPAY合作提供稳定币支付服务，股价飙升10.53%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02505":1},"content_text":"EDA GROUP HLDGS (02505.HK) saw its stock price soar by 10.53% in early trading on Thursday, following the announcement of a strategic partnership with UTCPAY Limited to launch stablecoin payment services. 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