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Xiao Feng: Hashkey will join forces with Yuanbi Technology and Zhongan Bank to jointly issue stablecoins

On November 2nd, at the Kun & Hashkey Exchange strategic cooperation signing ceremony, Dr. Xiao Feng, founder of Hashkey Group, stated in a speech that Hashkey Group will jointly issue stablecoins with Circle Technology and ZhongAn Bank in Hong Kong.

It is reported that Circle Technology, founded by former Hong Kong Monetary Authority chief executive Norman Chan Tak-lam, has obtained a Stored Value Facilities (SVF) license from the Monetary Authority, and its five major shareholders include members of ZhongAn Digital Asset Group under ZhongAn Online (06060), HashKey Holdings Limited and others. Circle Technology mainly targets the B2B market, aiming to help trading companies solve cross-border payment problems and manage foreign exchange risks.

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