Demex Daily #258: IDA Finance Enhances HKDA Stablecoin with Chainlink Integration

What’s Interesting Today:

IDA Finance, a Hong Kong-based digital asset issuer, is integrating Chainlink's services into its upcoming HKDA stablecoin, backed by the Hong Kong dollar. This integration includes Chainlink’s Proof-of-Reserves (PoR) technology for on-chain verification of the assets backing HKDA, enhancing transparency and security. Additionally, IDA will implement Chainlink's Cross-Chain Interoperability Protocol (CCIP) to improve cross-chain operability, allowing HKDA to be used across various decentralized finance (DeFi) platforms and payment systems. This move aims to boost the credibility of HKDA and enhance its market reach amidst increasing interest in stablecoins in East Asia.

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Fuse has launched "Charge," a non-custodial Web3 merchant bank designed for businesses to manage payments in crypto and fiat. Built on Polygon CDK technology, Charge offers low transaction fees of 0.5%, catering to small and medium-sized businesses. Its API integration allows seamless incorporation into existing tech systems, facilitating payments, invoicing, and cross-border transactions while ensuring asset control.

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