🚀 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