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Yuanbi Technology website displays

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Yuanbi Technology website displays

According to Foresight News, the Yuanbi Technology website has displayed the words "Hong Kong dollar stablecoin HKDR (to be launched soon)" and has set up a special page to introduce HKDR. In response, Liu Yu, CEO of Yuanbi Technology, said that the company will make every effort to promote and be confident that it will eventually succeed in winning the card. According to the official website, "Yuancoin Technology's Hong Kong dollar stablecoin HKDR is equivalent to that of HKD 1:1. Its reserves consist of high liquidity assets and cash equivalents and are stored in a separate account of a licensed financial institution. The public can check the reserve details through a regular certification report.
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