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Steel Searcher will support stablecoin Settlement in collaboration with Steel Group and Coin Group.
[Bitu] According to reports, Zhaogang Group - W(06676.HK) announced that in 2025 the company will sign a letter of intent with Yuan Coin Group, indicating the preliminary intention for strategic cooperation.
Accordingly, the company's sub-brand Steel Searcher will support stablecoin settlements and related activities. It is reported that Steel Searcher provides digital steel trading services and international bulk commodity business, covering multiple countries and regions.
The company signed a letter of intent with Steel Searcher and the Round Coin Group to establish a strategic partnership, fully supporting its stablecoin settlement for international trade business. According to the letter of intent, pending the signing of a formal agreement by both parties and obtaining relevant regulatory approvals including approval from the Hong Kong Monetary Authority (, the preliminary intention includes cooperation in the following areas within the compliance regulatory framework.