CEO of Round Coin Technology: The breakthrough of stablecoins cannot bypass Compliance, and will start from scenarios such as cross-border payments and virtual asset trading.

According to Mars Finance, on June 21, Liu Yu, CEO of Yuan Coin Technology, stated in an interview with 21st Century Business Herald that over the past year, Yuan Coin Technology has discussed many regulatory aspects with the Monetary Authority, while conducting in-depth research on application scenarios and business strategies. Yuan Coin Technology will enter the first batch of stablecoin business from three application scenarios: cross-border trade and cross-border payment, licensed virtual asset exchanges in Hong Kong, and RWA (real-world asset tokenization) in Hong Kong. In addition, the "Stablecoin Regulation" has left room for multi-currency stablecoins. Liu Yu indicated that although Yuan Coin is starting with the Hong Kong Dollar, it hopes to issue stablecoins for other currencies in the future. At the same time, Yuan Coin will also make some arrangements in the RWA field. According to previous news, in July last year, the Hong Kong Monetary Authority announced the first batch of three stablecoin issuers, including Yuan Coin Innovation Technology Limited (a subsidiary of Yuan Coin Technology), JD Coin Blockchain Technology ( Hong Kong ) Limited, and a consortium consisting of Standard Chartered Bank ( Hong Kong ), Anhe Group, and Hong Kong Telecommunications.