Hong Kong digital asset company IDA has partnered with Japanese banking group Progmat to launch a stablecoin cross-border remittance service.

Golden Finance reported that Hong Kong digital asset company IDA announced a strategic cooperation with Japan's banking group Progmat, as well as blockchain company Datachain and cross-chain infrastructure provider TOKI FZCO, to jointly develop a proof of concept (PoC) for cross-border application scenarios based on stablecoins between Hong Kong and Japan. It is reported that the relevant stablecoins will be used under Hong Kong's regulatory compliance requirements, priced in Japanese yen and Hong Kong dollars. IDA had previously cooperated with East Asia Bank to explore the feasibility of widespread adoption of digital finance with a 1:1 pegged stablecoin to the Hong Kong dollar.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments