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Zhaogang Group has reached a strategic cooperation with Yuanbi Technology.
According to BlockBeats news, on July 28, Zhanggang Group announced a strategic cooperation with Yuan Coin Technology. The two parties will focus on cooperation in three areas: settlement in bulk commodity smart contracts, digital trade financing, and supply chain tracking. Zhanggang International will fully support stablecoin settlement. Both parties believe this move will further enhance transparency in bulk commodity transactions, drop the credit costs for both parties, and improve the efficiency of cross-border trade. In the future, Yuan Coin Technology will provide support, exchange services, and compliance assurance, using compliant stablecoins (valued in HKD or USD) as a settlement tool to drop transaction costs and jointly promote the application of blockchain and stablecoin technology in international trade. (36Kr)