Circle Tech: Stablecoin RDUSD to be Deployed on HSK Chain
Original headline圆币科技：稳定币 RDUSD 将部署于 HSK Chain
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RDUSD, a US dollar stablecoin issued by Anchorage Digital Bank, will be deployed on HSK Chain as part of a partnership between Round Dollar Technology (圆币科技) and HashKey On-Chain, announced November 2. The stablecoin is designed to maintain a 1:1 peg to the US dollar and will undergo third-party audits. The two parties will explore applications in cross-border payments, global treasury management, and real-world asset tokenization. RDUSD is not licensed by the Hong Kong Monetary Authority and will be available only to professional investors in Hong Kong. The deployment marks a step in institutional on-chain finance infrastructure, and watchers should monitor the rollout timeline, audit results, and adoption in cross-border payment flows.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
RDUSD, HashKey Group, HSK Chain, Anchorage Digital Bank, HKMA