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Skycorp Solar Group Limited (the "Company") (NASDAQ:PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the adoption of cryptocurrency as an accepted method of payment for international transactions, effective August 1, 2025. The Company will support leading digital assets, including Bitcoin (BTC), Ethereum (ETH), and major stablecoins such as USDC and USDT.
The Company also plans to allocate partial cash reserves and renewable energy project investment returns to strategic Ethereum (ETH) acquisitions as part of its long-term digital asset treasury management program.
"By integrating green energy, AI and ETH-based blockchain solutions, the Company is innovating for a sustainable future," said Weiqi Huang, Chairman and CEO of the Company, "The recent GENIUS Act establishes regulatory foundation for stablecoins and provides the trust and stability needed to seamlessly adopt digital payments. We believe investments in clean energy infrastructure and ETH staking align with long-term growth opportunities."
To ensure the highest standards of regulatory compliance and transaction integrity, all digital currency payments will be processed through licensed RWS providers specializing in blockchain forensics. These transactions will be fully compliant with the regulatory frameworks established by the Monetary Authority of Singapore (MAS) and the Financial Action Task Force (FATF).
Posted In: PN
