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Hong Kong fintech company IDA plans to apply for a stablecoin license

2025-06-25 13:27:26

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ChainCatcher news, Zhu Chengyu, co-founder of the Hong Kong fintech company IDA and a member of the Hong Kong Special Administrative Region's Third Generation Internet Development Task Force, stated that the company plans to apply for a Hong Kong stablecoin license. He also revealed that stablecoins are expected to be used in Hong Kong as a tool for cross-border trade and investment settlement.

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IDA stablecoin license

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