đ IDA Finance, a Hong Kong-based digital asset issuer, is spicing things up by integrating Chainlinkâs blockchain services into its upcoming HKDA stablecoin, backed by the Hong Kong dollar.
đ Chainlinkâs Proof of Reserves (PoR) will allow on-chain verification of assets backing HKDA, ensuring transparency and security. Think of it as a blockchain bouncer checking IDs at the door!
đ IDA is also tapping into Chainlinkâs Cross-Chain Interoperability Protocol (CCIP), making HKDA accessible across various chains, from DeFi platforms to exchanges.
đ With Eastern Asia accounting for nearly 9% of global crypto value, stablecoins might just be the new cool kids on the block!