hkdr

Pay for the license! Yuanbi Technology raises $40 million to sprint into the stablecoin battle

#圆币科技 has raised another $40 million, preparing for the launch of Hong Kong's stablecoin regulations. On July 30, 2025, the Hong Kong-based stablecoin technology company 'Yuanbi Technology' secured funding again, this time in Series A2, with an amount close to $40 million (approximately HKD 300 million). This funding will be used to continue accelerating the development of a compliant, secure, and widely usable stablecoin system.

Behind this round of financing are several major investors, including ZhongAn International, Zhongwan International, Sequoia China, Hivemind Capital, and other PE and VC firms. They are optimistic about the Yuanbi Technology team bridging the gap between Web2 and Web3, bringing traditional enterprises into the new generation of digital financial systems.

Yuanbi Technology CEO Liu Yu stated that the funding comes at the right time—Hong Kong will officially launch the stablecoin licensing system on August 1, and they are already prepared to align with the new policy. Moving forward, they will enhance technology, expand overseas cooperation, upgrade product services, and continue to promote the grand goal of 'stablecoins going abroad'.

Additionally, there is a small highlight: Yuanbi Technology and ZhongAn Bank have signed a strategic cooperation agreement, and the two will research how to use stablecoins more compliantly in financial services in the future, such as reserve custody and distribution.

Moreover, the stablecoin launched by Yuanbi, #HKDR , is pegged to the Hong Kong dollar at a 1:1 ratio, with asset reserves held in regulated institutions, ensuring transparency and openness. It has already entered the Hong Kong Monetary Authority's 'stablecoin regulatory sandbox' for testing.

🚨 Hong Kong’s HKDR Stablecoin on the Horizon! 🇭🇰💰

Crypto eyes are turning to Hong Kong as Yuan Coin Technology teases its upcoming HKDR stablecoin on their official website with a bold “Coming Soon” tag.

CEO Liu Yu says the team is:

> “Fully committed to pushing this project forward — and confident the required license will be secured soon.”

🔍 Why this matters:

Already accepted into the HKMA stablecoin sandbox for testing.

Plans to launch HKDR on the Ethereum network.

Could power digital asset trading, cross-border payments, and asset tokenization.

💬 Question for traders: If HKDR launches successfully, could it become Asia’s go-to stablecoin?

#HKDR #HongKong #Stablecoin #CryptoNews #Blockchain $BTC $ETH $BNB