Wu said that, according to Bloomberg, former SoftBank Group executive Akshay Naheta is currently in preliminary negotiations to sell a minority stake in his co-founded stablecoin payment startup Distributed Technologies Research Ltd. (DTR). The company uses blockchain technology to process stablecoin transactions in cross-border payments, and the funds raised will be used to expand into new markets, including the United States. Sources indicate that the company is in talks with several strategic investors and venture capital firms, and it is still unclear what the scale and valuation of the initial public offering will be.