Company Dynamics - YY Group Holding Limited has signed a strategic cooperation memorandum with Obita to integrate Obita's enterprise-level stablecoin payment infrastructure into YY Group's global flexible employment ecosystem [2] - The collaboration aims to optimize accounts receivable, accounts payable, and financial management processes, reducing cross-border capital flow costs and enhancing overall operational efficiency and profit margins [2] - The initial cross-border investments and domestic subsidiaries' payments to headquarters can utilize stablecoins for more efficient capital allocation [2] User Benefits - Many international students and part-time workers need to remit part of their income back home, facing high fees with frequent remittances; YY Group offers a lower-cost, faster alternative through stablecoin channels [2] - Some part-time workers choose to hold their income in stablecoin form to mitigate the impact of local currency depreciation on their savings, enhancing capital flexibility and risk resistance [2] Leadership Insights - YY Group's CEO Mike Fu emphasized that cross-border payments remain a pressing challenge, and the partnership with Obita will provide quicker, more transparent, and cost-effective settlement options for workers and clients globally [3] - Obita's co-founder and CEO Zhang Dayong highlighted that YY Group represents a scalable, high-frequency, and real transaction entity, showcasing the value of compliant stablecoin infrastructure in this context [3] - The partnership was officially announced at the PayFi Summit during the TOKEN2049 conference, discussing the application prospects of stablecoins in the global labor market and the collaborative approach to drive digital transformation in the industry [3]
YY集团与Obita达成战略合作 将稳定币支付引入全球用工平台