đ„Hot off the press!đ„ RD Technologies is integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Proof of Reserve (PoR) to power its Hong Kong dollar stablecoin, HKDR. đ
This integration will enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin. Plus, Chainlink's PoR will provide reliable on-chain verification of HKDR's reserve backing. đŻ
The goal? To enable more businesses and merchants to settle payments in HKDR, enjoy faster and cheaper cross-border payments, and enable reliable transfer of tokenized real-world assets (RWA) using the stablecoin. đđŒ
RD Technologies CEO Rita Liu is optimistic, saying this integration will facilitate the adoption of HKDR in cross-border payments, real-world assets tokenization, and other on-chain finance applications. She also sees it as a step towards making Hong Kong a global Web 3 and virtual assets hub. đŠđȘ
Meanwhile, the LINK token is underperforming, dropping 2% on the day to $14.28 amid a broader altcoin market retreat. But don't fret, BTC enthusiasts! Analysts predict that the altseason is just around the corner, and LINK usually performs well then. So, keep your eyes peeled! đđ