Zhaogang Group plans to cooperate with Yuanbi Group to promote the application of blockchain and stablecoin technology in international trade

ChainCatcher news, according to Gelonghui reports, Zhaogang Group-W (06676.HK) announced that on July 28, 2025, the company signed a letter of intent with RD Holdings (together with its subsidiaries and affiliated companies, collectively referred to as "Yuanbi Group"), indicating a preliminary intention for strategic cooperation.

Accordingly, the company's sub-brand Steel Searcher will support stablecoin settlement and related activities. It is reported that Steel Searcher provides digital steel trading services and international bulk commodity business, covering multiple countries and regions.

The company has established strategic cooperation with RD Holdings through Steel Searcher by signing a letter of intent, fully supporting its stablecoin settlement for international trade business. According to the letter of intent, after both parties sign a formal agreement and obtain relevant regulatory approvals (including approval from the Hong Kong Monetary Authority), the preliminary intention includes cooperation in the following areas within the compliance regulatory framework.