IDA Finance Integrates Chainlink’s Proof of Reserves and CCIP for HKD-Backed Stablecoin

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IDA Finance Integrates Chainlink’s Proof of Reserves and CCIP for HKD-Backed Stablecoin IDA Finance, a Hong Kong-based digital asset issuer, has announced its integration of Chainlink’s blockchain services, including Proof of Reserves (PoR) and Cross-Chain Interoperability Protocol (CCIP), into its HKDA stablecoin, which is pegged to the Hong Kong dollar.

With CCIP, HKDA can be easily integrated into different DeFi applications, allowing users to leverage their stablecoins for a wide range of financial activities, from lending and borrowing to trading and payments.

By adopting advanced blockchain services, IDA Finance is not only enhancing the functionality of HKDA but also contributing to the overall robustness and resilience of the DeFi landscape.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: IndiaHong Kong

Topics: IDA Finance Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 10:31:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 965 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22967606

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Official Website: bitcoinworld.co.in

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