UMPay: In-depth engagement with the stablecoin issuer, signed a confidentiality agreement

BlockBeats News, June 30th, Yuxin Technology (300674.SZ) released an Investor Relations Activity Record Form, highlighting the alignment of stablecoin field policy breakthroughs with the company's global development strategy. Yuxin has started a systematic layout from the company level, providing strong support based on its existing overseas business, including:

1) Recently, actively engaging with key participants across the stablecoin ecosystem, including in-depth contact and signing of confidentiality agreements with the issuers. The focus is on exploring the full-process requirements of stablecoin issuance, clarifying each party's specific responsibilities in the issuance process, outlining feasible technical solutions, integrating respective advantages and resources, etc.;

2) Engaging in discussions with institutions in the emerging technology hotspot of Singapore to explore the specific implementation path of Real World Asset (RWA) tokenization. This includes how to select suitable underlying assets, design compliant tokenization schemes, and develop issuance strategies;

3) Communicating with specific closed-loop industry chain companies in the Middle East. As this industry requires a closed loop involving various links in the industry chain, it has provided an application scenario for stablecoins. Through stablecoin blockchain technology, transaction transparency across the industry chain and the establishment of a payment system spanning the entire chain can be achieved. (Finance Associated Press)