On June 16, according to reports, U.S. listed company Yuda Logistics Technology Holdings announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect. The company plans to launch its own stablecoin “RHKD” and also plans to issue a digital token “RBTC”, which will be anchored to Bitcoin as the underlying asset. Customers can exchange “RBTC” for Hong Kong dollars or U.S. dollars.
The company said it has officially launched a bitcoin acquisition plan of up to US$1.5 billion (about HK$11.77 billion) and will use the company’s common shares as a payment method. According to the bitcoin reserve strategy, the group is planning to issue a digital token with bitcoin as the anchor asset - “RBTC”. The company expects the token to be backed by 100% Bitcoin as a reserve, enabling a 1:1 Bitcoin exchange.
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Yuta Logistics plans to apply for a Hong Kong stablecoin license and intends to issue RHKD and Bitcoin-pegged token RBTC.
On June 16, according to reports, U.S. listed company Yuda Logistics Technology Holdings announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect. The company plans to launch its own stablecoin “RHKD” and also plans to issue a digital token “RBTC”, which will be anchored to Bitcoin as the underlying asset. Customers can exchange “RBTC” for Hong Kong dollars or U.S. dollars.
The company said it has officially launched a bitcoin acquisition plan of up to US$1.5 billion (about HK$11.77 billion) and will use the company’s common shares as a payment method. According to the bitcoin reserve strategy, the group is planning to issue a digital token with bitcoin as the anchor asset - “RBTC”. The company expects the token to be backed by 100% Bitcoin as a reserve, enabling a 1:1 Bitcoin exchange.