Odaily Planet Daily News: East Asia Bank has announced a collaboration with Hong Kong fintech company IDA to explore the feasibility of widespread adoption of digital finance through a 1:1 pegged stablecoin in Hong Kong dollars. It is reported that both parties will work with a local payment network to jointly explore an application case that can simplify payment processes 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. This collaboration aims to explore the integration of stablecoins into payment and settlement infrastructure to boost the local economy and improve business cash flow. Through this trial, the introduction of stablecoins aims to achieve instant transactions, enhance merchants' cash flow, and provide 24/7 services with the lowest transaction fees. (Hong Kong 01)