**IDA Finance Integrates Chainlink for New HKDA Stablecoin**

Hong Kong-based IDA Finance is set to integrate Chainlink’s blockchain services into its upcoming HKDA stablecoin, pegged to the Hong Kong dollar. This move, announced on October 9, aims to boost transparency and secure cross-chain operations.

**Key Highlights:**

- **Proof of Reserves (PoR):** Chainlink’s PoR technology will allow on-chain verification of assets backing HKDA, enhancing transparency and security.

- **Cross-Chain Interoperability Protocol (CCIP):** This will enable HKDA to operate across various decentralized finance (DeFi) platforms, exchanges, and payment systems, expanding its market reach.

IDA's co-founder, Sean Lee, emphasized that these integrations will provide greater stability and accessibility for HKDA, reflecting a broader trend of rising crypto adoption in East Asia.