Hong Kong-based IDA Finance partnered with Japan’s Progmat and other firms to launch a stablecoin remittance service.
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BEA and IDA launch HKD-pegged stablecoinThe Bank of East Asia (BEA) and Hong Kong-based fintech company IDA partnered to support the city’s digital asset market through the development of a 1:1 HKD-pegged stablecoin. The collaboration ...
IDA will maintain robust monetary management and a transparent 1:1 reserve backing, strictly adhering to regulatory compliance under Hong Kong's regime. Progmat will provide the stablecoin ...
This initiative tests a hybrid model that marries blockchain efficiency with established trade finance, aiming to set new industry benchmarks. By aligning regulatory clarity in both regions, the ...
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