Hong Kong-based IDA Finance partnered with Japan’s Progmat and other firms to launch a stablecoin remittance service.

IDA Finance Hong Kong Limited (IDA), a leading digital asset company based in Hong Kong, Progmat Inc. (Progmat), a digital assets platform provider backed by Japan's largest banking groups and ...

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 ...

Bitso Business also recently appointed Ben Reid as head of stablecoins to drive the firm's ambition in the stablecoin market. The first token Juno issues is a fully-backed Mexican peso stablecoin ...

Paolo Ardoino, CEO of stablecoin issuer Tether, said the industry has just entered a new era, marked by an influx of stablecoin solutions from both private companies and governments. In a March 27 ...