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Yuan Coin Technology Plans to Issue Hong Kong Dollar Stablecoin HKDR on Ethereum

Summary: According to reports from Hong Kong media, the Hong Kong stablecoin regulations will come into effect on Friday, August 1st. Yuan Coin Technology, one of the participants in the HKMA stablecoin sandbox, plans to issue the Hong Kong Dollar stablecoin HKDR on the Ethereum public chain. The stablecoin is intended for three main use cases: ...

According to reports from Hong Kong media, the Hong Kong stablecoin regulations will come into effect on Friday, August 1st. Yuan Coin Technology, one of the participants in the HKMA stablecoin sandbox, plans to issue the Hong Kong Dollar stablecoin HKDR on the Ethereum public chain. The stablecoin is intended for three main use cases: digital asset trading, cross-border trade, and asset tokenization. It is expected that within 3-5 years, operations for both enterprises and individuals will become commonplace.

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