Yuta Logistics plans to apply for a Hong Kong dollar stablecoin license and plans to issue stablecoin RHKD and Bitcoin linked token RBTC

Foresight News reported that according to Hong Kong Wen Wei Po, RITR Logistics Technology (US stock code: RITR) announced that it is actively studying relevant regulatory details and plans to apply for a stablecoin issuance license after the Hong Kong stablecoin regulations come into effect. The company plans to launch its own stablecoin "RHKD" and also plans to issue a digital token "RBTC" pegged to Bitcoin as the underlying asset. Customers can exchange 'RBTC' in Hong Kong dollars or US dollars. The company expects the token to be backed by 100% Bitcoin as reserves (achieving 1:1 Bitcoin exchange). Foresight News previously reported that Yuta Logistics Technology has signed an acquisition agreement with a consortium of Bitcoin institutions to acquire up to 15000 bitcoins through the issuance of the company's common stock, with a total amount cap of $1.5 billion. The final number of shares to be issued will be determined through negotiation based on factors such as Bitcoin price, company stock price, and trading volume.