On June 21, during an interview with the 21st Century Business Herald, Liu Yu, CEO of Yuan Coin Technology, stated that over the past year, Yuan Coin Technology has discussed many regulatory aspects with the Monetary Authority and conducted in-depth research on application scenarios, business strategies, and other areas.
Yuan Coin Technology will enter the first batch of stablecoin business from three application scenarios: cross-border trade and cross-border payment, licensed virtual asset exchanges in Hong Kong, and RWA (Real World Asset Tokenization) in Hong Kong.
In addition, the “Stablecoin Regulation” leaves room for multi-currency stablecoins. Liu Yu stated that although the Yuan coin started with the Hong Kong dollar, it hopes to issue stablecoins of other currencies in the future. At the same time, the Yuan coin will also make some arrangements in the RWA field.
According to previous news, in July last year, the Hong Kong Monetary Authority announced the first batch of three stablecoin issuers, including Yuan Coin Innovation Technology Limited (a subsidiary of Yuan Coin Technology), JD Coin Chain Technology ( Hong Kong ) Limited, as well as a consortium composed of Standard Chartered Bank ( Hong Kong ), Anni Group, and Hong Kong Telecommunications.
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Yuan Coin Technology will enter the Hong Kong stablecoin market from three major scenarios, with future plans for multi-currency layout.
On June 21, during an interview with the 21st Century Business Herald, Liu Yu, CEO of Yuan Coin Technology, stated that over the past year, Yuan Coin Technology has discussed many regulatory aspects with the Monetary Authority and conducted in-depth research on application scenarios, business strategies, and other areas.
Yuan Coin Technology will enter the first batch of stablecoin business from three application scenarios: cross-border trade and cross-border payment, licensed virtual asset exchanges in Hong Kong, and RWA (Real World Asset Tokenization) in Hong Kong.
In addition, the “Stablecoin Regulation” leaves room for multi-currency stablecoins. Liu Yu stated that although the Yuan coin started with the Hong Kong dollar, it hopes to issue stablecoins of other currencies in the future. At the same time, the Yuan coin will also make some arrangements in the RWA field.
According to previous news, in July last year, the Hong Kong Monetary Authority announced the first batch of three stablecoin issuers, including Yuan Coin Innovation Technology Limited (a subsidiary of Yuan Coin Technology), JD Coin Chain Technology ( Hong Kong ) Limited, as well as a consortium composed of Standard Chartered Bank ( Hong Kong ), Anni Group, and Hong Kong Telecommunications.