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GOLDSTREAM INV Plunges 30%+ After Soaring 5x Ytd on Offshore RMB Stablecoin Issuance
After surging by around 5.3 times yesterday (8th), GOLDSTREAM INV (01328.HK) opened flat this morning (9th) and then slid rapidly to as low as HKD8.4. It last traded at HKD8.56, do...
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GOLDSTREAM INV Plunges 30%+ After Soaring 5x Ytd on Offshore RMB Stablecoin Issuance
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After surging by around 5.3 times yesterday (8th), GOLDSTREAM INV (01328.HK)  +1.160 (+10.432%)   opened flat this morning (9th) and then slid rapidly to as low as HKD8.4. It last traded at HKD8.56, down 32.1%, with a volume of 3.8295 million shares, involving HKD36.7479 million.

The company announced on the 7th that it entered into a non-binding strategic cooperation memorandum with AnchorX last Friday (4th). AnchorX issues the stablecoin AxCNH, which is referenced 1:1 to the offshore RMB, utilizing advanced distributed ledger technology and enhanced cybersecurity measures.

Under the memorandum, GOLDSTREAM INV and AnchorX will explore potential cooperation in areas including promoting AxCNH use in cross-border payments and trade settlements, exploring AxCNH application in financial transactions, developing a digital asset trading platform based on AxCNH, and investing in blockchain research and development as well as FinTech innovation.
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