Wu Shuo learned that according to a report by Sing Tao Daily News, the Hong Kong Stablecoins Ordinance will come into effect on Friday (August 1), and Yuan Coin Technology is one of the participating institutions in the Hong Kong Monetary Authority's stablecoin issuer sandbox. The company's CEO, Liu Yu, stated in a recent interview that he intends to issue the Hong Kong dollar stablecoin HKDR on the Ethereum public chain. The proposed stablecoin has three main application scenarios, namely digital asset trading, cross-border trade, and asset tokenization, and is expected to become a normal operation for enterprises and individuals within 3-5 years. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=46339