Cobo has reached a cooperation with Yuan Coin Technology to jointly promote the application of the Hong Kong dollar stablecoin HKDR
ChainCatcher news, digital asset custody and wallet technology provider Cobo announced a strategic partnership with RD Technologies, making Cobo the preferred wallet partner for the Hong Kong dollar stablecoin HKDR. Together with RD Technologies, Cobo will explore and promote the widespread application of HKDR, injecting new vitality into Hong Kong's digital finance sector.On July 18, RD Technologies announced that its subsidiary RD InnoTech Limited has been included in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox program. As one of the first entities to join the sandbox, RD Technologies will conduct various use case tests for its proprietary Hong Kong dollar stablecoin HKDR, such as digital asset trading and cross-border trade payments.