Deep Tide TechFlow News, on December 12, according to Hong Kong 01 report, East Asia Bank announced its cooperation with Hong Kong fintech company IDA to explore the feasibility of widespread adoption of digital finance through 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 the payment process and enhance user experience. East Asia Bank will act as the reserve bank and authorized mint to ensure compliance with regulatory frameworks while promoting fintech innovation.