PANews reported on October 29 that according to the official blog, stablecoin issuer Circle and Hong Kong Telecom (HKT) signed a memorandum of understanding (MOU) to explore potential cooperation in developing blockchain-based customer loyalty solutions for Hong Kong merchants. The two companies leverage Circle's expertise in Web3 services and HKT's extensive merchant ecosystem and customer engagement capabilities to develop customer loyalty solutions powered by Web3 technology to enhance the way consumers discover and interact with merchants, promoting a more social and dynamic engagement experience.