Yuanbi Technology: Stablecoin RDUSD to Be Deployed on HSK Chain

on November 2, according to an announcement by Yuanbi Technology, as part of its institutional finance collaboration with HashKey On-Chain, the USD stablecoin RDUSD will be deployed on the HSK Chain. The two parties will explore applications of stablecoins in cross-border payments, global fund management, and the tokenization of real-world assets.

In line with the partnership and product plans, RDUSD will be issued by Anchorage Digital Bank and is designed to be pegged 1:1 to the US dollar, subject to third-party audits. The announcement stated that the stablecoin has not been licensed by the Hong Kong Monetary Authority and is exclusively available to professional investors in Hong Kong.