🚀 Hot Crypto News from Hong Kong! 🇭🇰
🔹 IDA Finance integrates Chainlink's blockchain service into the HKDA stablecoin, backed by the Hong Kong dollar.
🔹 Chainlink's Proof of Reserves (PoR) technology helps verify HKDA's reserve assets, enhancing transparency and security.
🔹 IDA will also use Chainlink's CCIP protocol to expand its cross-chain capabilities.
🔹 This enables HKDA to be used on DeFi platforms, exchanges, and payment systems, expanding its market reach.
📈 Chainlink's report says that East Asia accounts for nearly 9% of the global cryptocurrency value from July 2023 to June 2024.
🔹 Maruf Yusupov, co-founder of Deenar, said stablecoins and crypto are gradually replacing fiat thanks to low fees and ease of use.
💬 What do you think about this development? Comment and share! 👇
#Crypto#Blockchain#DeFi#Stablecoin#Bitcoin#Chainlink #HKDA