Yuan Coin Technology will lay out stablecoin business in three major scenarios: cross-border payment, virtual asset exchange, and RWA.

[Coin World] According to the 21st Century Business Herald, Liu Yu, CEO of Yuan Coin Technology, stated that the company has been in deep communication with the Hong Kong Monetary Authority regarding regulatory requirements over the past year, and will first focus its stablecoin business on three major scenarios: cross-border trade payments, Hong Kong virtual asset exchanges, and the tokenization of real-world assets (RWA). The first phase of Yuan Coin will primarily promote the Hong Kong dollar stablecoin, with future plans to issue multi-currency stablecoins and expand into the RWA sector. Previously, Yuan Coin Technology was selected as one of the first three stablecoin issuers by the Monetary Authority.