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YTO Logistics Technology Group plans to issue BTC-pegged asset RBTC and explore Hong Kong dollar stablecoin RHKD
7 hours ago
Odaily News According to official news, Yuta Logistics Technology Group plans to issue a digital token, "RBTC", which the company expects to be fully supported by 100% of Bitcoin reserves and 1:1 anchored to Bitcoin. Customers can exchange "RBTC" with Hong Kong dollars or US dollars, and can pay storage rent, value-added service fees, warehousing as a service (WaaS) and related service fees at a discount in all smart warehouses under Yuta Logistics Technology Group, further promoting the digitalization, intelligence and transparency of warehousing payment processes, and promoting the upgrading of smart logistics. With the passage of the Stablecoin Bill in Hong Kong, Yuta Logistics Technology Group is studying the relevant regulatory details and plans to apply for a Hong Kong stablecoin issuance license after the regulations come into effect (August 1) to launch the stablecoin "RHKD". RHKD will be mainly used for payment and settlement in cross-border e-commerce, logistics and supply chain.
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