ChainCatcher news, according to Hong Kong 01 report, East Asia Bank announced a partnership with Hong Kong fintech company IDA to explore the feasibility of widespread adoption of digital finance with a 1:1 Hong Kong dollar-pegged stablecoin. Both parties will work with a local payment network to explore an application case that can simplify payment processes and enhance user experience. East Asia Bank will act as a reserve bank and authorized mint to ensure compliance with regulatory frameworks while promoting fintech innovation.