RD Technologies Secures $40 Million in Series A2 Funding on July 30, 2025

The New Landscape of Digital Stablecoins: Analysis of JD.com Stablecoin and Global Trends Recently, several landmark events have occurred in the field of digital stablecoins: 1. The U.S. Senate committee has passed the first comprehensive regulation of stablecoins with the GENIUS Act. 2. The Hong Kong Legislative Council officially passed the digital stablecoin regulation bill. 3. The attitude of mainland China towards the development of stablecoins is beginning to change. 4. Stablecoin issuer Circle successfully went public on the New York Stock Exchange. In addition, it is widely believed in the industry that dollar-pegged stablecoins are an extension of the dollar's hegemony in the digital realm, while Hong Kong dollar-pegged stablecoins may be an exploration of the internationalization of the renminbi. Although the JD stablecoin is issued in Hong Kong, it can still be seen as China's active attempt in the field of digital currency. This article will analyze the background, progress, and technical implementation of the JD Hong Kong stablecoin project, assess its impact on JD, Hong Kong, and mainland China, and explore the profit model of stablecoins, politics.

With Hong Kong set to launch a stablecoin licensing system, local stablecoin developer Yuanbi Technology announced the completion of its Series A2 financing, securing approximately $40 million in funding. This funding will be used to build a stablecoin ecosystem that meets regulatory requirements, is safe and reliable, and has broad application prospects. This round of financing attracted participation from well-known investment institutions such as ZhongAn International, Zhongwan International, Sequoia China, and Hivemind Capital. Investors are optimistic about Yuan Coin Technology's ability to build a bridge between traditional finance and Web3, helping traditional enterprises enter the new generation of digital finance. The CEO of Yuan Coin Technology, Liu Yu, stated that this financing is timely. With the official implementation of the Hong Kong stablecoin licensing system on August 1, the company is fully prepared to align with the new policy. In the future, Yuan Coin Technology will focus on technology upgrades, expanding international partnerships, and optimizing product services, while promoting the globalization strategy of stablecoins. It is worth noting that Circle Tech has reached a strategic cooperation agreement with ZhongAn Bank. Both parties will jointly explore how to apply stablecoins in financial services within a compliance framework, including areas such as reserve custody and distribution. The HKDR stablecoin launched by Yuan Coin Technology uses a 1:1 peg mechanism to the Hong Kong dollar, with its asset reserves held by regulated institutions to ensure transparency and security. Currently, HKDR has entered the stablecoin regulatory sandbox of the Hong Kong Monetary Authority for testing. With the increasingly clear regulatory environment and the growing market demand, this financing by Round Coin Technology will undoubtedly accelerate the development of the Hong Kong stablecoin ecosystem and pave the way for the future of digital finance.

In-depth Analysis of JD Hong Kong Stablecoin: From Sandbox Pilot to License Competition Regarding digital stablecoins, there have been several landmark events in the past month: 1. The United States' first comprehensive regulatory framework for stablecoins, the "Guiding and Establishing the National Innovation Act for U.S. Stablecoins" (GENIUS Act), passed the Senate committee in May 2025, bringing it one step closer to formal legislation. 2. The Legislative Council of Hong Kong, China, also officially passed the regulatory bill for digital stablecoins in May 2025. 3. Former Deputy Governor of the Bank of China, Wang Yongli, stated at the Tsinghua Wudaokou Global Financial Forum in May 2025 that he suggested giving greater attention to the development of stablecoins from both the industry and academic sectors in mainland China. 4. The first publicly listed company in the stablecoin sector, Circle, went public on the New York Stock Exchange on June 5, 2025, with an impressive performance on its first day of trading, opening at 31.

Hong Kong's stablecoin regulations countdown to effect #btc#ETh#pi With less than half a month to go before the Hong Kong "stablecoin regulations" take effect on August 1, the market has recently seen renewed interest in Hong Kong stablecoins. In particular, there is a focus on the effects after the launch and the subsequent impacts. In 2024, the Hong Kong Monetary Authority launched a stablecoin sandbox program - a security mechanism that provides an isolated environment for program operation in the field of computer security, allowing for technical testing in a controlled environment. At that time, several companies entered the Hong Kong stablecoin sandbox program, including: JD Coin Chain Technology ( Hong Kong ) Limited, Round Coin Innovation Technology Limited, Standard Chartered Bank ( Hong Kong ) Limited, Anni Group Limited, and Hong Kong Telecommunications ( HKT ) Limited. These enterprises are divided into three groups, among which Standard Chartered Bank, Anli Group, and Hong Kong Telecommunications jointly developed the stablecoin HKDG, Yuan Coin Innovation Technology developed the stablecoin HKDR, and JD Coin Chain Technology developed the stablecoin JD-HKD. Currently, stablecoins have not yet received formal legal recognition in mainland China, but many companies have shown strong interest. Previously, Ant Group stated that it would apply for stablecoin licenses in Hong Kong and Singapore. "Stablecoins have brought new possibilities to the payment industry, but the industry is still in its early stages of development and faces various challenges such as regulation, technology, and market acceptance."

Countdown to the effectiveness of Hong Kong's Stablecoin Regulation #btc#ETh#pi Less than half a month remains until the Hong Kong "Stablecoin Regulation" takes effect on August 1. Recently, the market has once again turned its attention to Hong Kong stablecoins, particularly focusing on the effects after their launch and the subsequent impact. In 2024, the Hong Kong Monetary Authority launched a stablecoin sandbox program - a security mechanism that provides an isolated environment for programs to run in the field of computer security, allowing technical testing in a controlled environment. At that time, multiple companies entered the Hong Kong stablecoin sandbox program, including: JD Coin Chain Technology ( Hong Kong ) Limited, Round Coin Innovation Technology Limited, Standard Chartered Bank ( Hong Kong ) Limited, Anni Group Limited, and Hong Kong Telecommunications ( HKT ) Limited. These companies are divided into three groups, among which Standard Chartered Bank, Anni Group, and Hong Kong Telecommunications jointly developed the stablecoin HKDG pegged to the Hong Kong dollar, Yuanbi Innovation Technology developed the stablecoin HKDR, and JD Coin Chain Technology developed the stablecoin JD-HKD. Currently, stablecoins have not yet received formal legal recognition in mainland China, but many enterprises have shown strong interest. Previously, Ant Group stated that it would apply for stablecoin licenses in Hong Kong and Singapore. "Stablecoins have brought new possibilities to the payment industry, but the industry is still in its early development stage, facing multiple challenges such as regulation, technology, and market acceptance."