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- Welcome Kevin_Lee to the Gate Square! 🎉
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Yita Logistics Technology plans to apply for a stablecoin license in Hong Kong, intending to issue the stablecoin "RHKD" and the digital Token "RBTC".
According to Techub News, Hong Kong Wen Wei Po reported that Yuta Logistics Technology Holdings (NASDAQ: RITR) announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the stablecoin regulations in Hong Kong come into effect. The company plans to issue its own stablecoin "RHKD" and also plans to issue a digital token "RBTC" that is pegged to Bitcoin as the underlying asset. Customers can use Hong Kong dollars or US dollars to exchange for "RBTC".
The company said it has officially launched a Bitcoin acquisition plan of up to US$1.5 billion (about HK$11.77 billion), with the company's common shares as a payment method. According to the bitcoin reserve strategy, the group is planning to issue a digital token "RBTC" with bitcoin as the designated asset, which is expected to be 100% bitcoin as a reserve (enabling a 1:1 bitcoin exchange).