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The US-listed company "Yuta Logistics" plans to apply for a Hong Kong dollar stablecoin license.
Golden Finance reported that 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 Hong Kong stablecoin regulations come into effect. 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 will be able to exchange RBTC for Hong Kong dollars or US dollars. The company expects that the token will be supported by 100% Bitcoin reserves (achieving a 1:1 Bitcoin exchange).