Hong Kong fintech company Yuanbi Technology: the stablecoin RDUSD will be deployed on HSK Chain

According to an announcement from the Hong Kong fintech company Round Coin Technology, as part of its collaboration with HashKey On-Chain institutional finance, the US dollar stablecoin RDUSD will be deployed on HSK Chain. Both parties will explore the applications of the stablecoin in cross-border payments, global fund management, and the tokenization of real-world assets.

According to the cooperation and product plan, RDUSD will be issued by Anchorage Digital Bank, designed to be pegged to the US dollar at a 1:1 ratio, and will undergo third-party audits. The announcement stated that this stablecoin is not licensed by the Hong Kong Monetary Authority and is only available to professional investors in Hong Kong.