Xiao Feng: Hashkey will jointly issue stablecoins with Yuan Coin Technology and ZhongAn Bank

2023-11-02 14:58:26

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ChainCatcher news, according to Deep Tide reports, at the signing ceremony of the strategic cooperation between "KUN & Hashkey Exchange," Dr. Xiao Feng, founder of Hashkey Group, stated in his speech that Hashkey Group will jointly issue stablecoins in Hong Kong with Yuan Coin Technology and ZhongAn Bank.

Yuan Coin Technology was founded by former Hong Kong Monetary Authority president Chen Delin and has obtained a Stored Value Facility (SVF) license issued by the Monetary Authority. The five main shareholders include members from ZhongAn Digital Asset Group under ZhongAn Online and HashKey Holdings Limited. Yuan Coin Technology primarily targets the B2B market, aiming to help trade enterprises solve cross-border payment challenges and assist companies in managing foreign exchange risks.

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Hashkey stablecoin

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