Search results for "RBTC"

The US-listed company "Yuta Logistics" plans to apply for a Hong Kong dollar stablecoin license.

Golden Finance reports that the US-listed company Yuta Logistics Technology Holdings (NASDAQ: RITR) announced that it is actively researching relevant regulatory details and plans to apply for a stablecoin issuance license after the stablecoin regulations take effect in Hong Kong. The company plans to launch its own stablecoin RHKD and also intends to issue a digital token RBTC, which will be pegged to Bitcoin as the underlying asset. Customers can exchange RBTC for HKD or USD. The company expects that the token will be supported by 100% Bitcoin as reserves (achieving a 1:1 Bitcoin exchange).
More