BlockBeats News, June 16, according to a report by the "Hong Kong Wen Wei Po", U.S.-listed company Veta Logistics Technology Holdings announced that it is actively researching 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," which will be pegged to Bitcoin as the underlying asset. Customers will be able to exchange "RBTC" using Hong Kong dollars or U.S. dollars.
The company stated that it has officially initiated a Bitcoin acquisition plan worth up to $1.5 billion (approximately HK$11.77 billion) and will use common stock of the company as the payment method. According to its Bitcoin reserve strategy, the group is planning to issue a digital token, "RBTC," pegged to Bitcoin as the underlying asset. The company expects the token to be backed by 100% Bitcoin reserves, enabling a 1:1 Bitcoin exchange ratio.
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