Tech Daily Report

Chainlink Chosen as Technology Partner for HKDR Hong Kong Dollar Stablecoin

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Crypto Blog

On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin.

Additionally, the firm is also adopting Chainlink’s Proof of Reserve to help provide reliable on-chain verification of HKDR’s reserve backing, according to the announcement.The collaboration aims to enable more businesses and merchants to settle payments in HKDR, enjoy faster and cheaper cross-border payments, and enable reliable transfer of

LINK prices have been weak recently, having lost almost 30% over the past month as crypto markets corrected from their mid-March highs.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BMW and Rimac Technology partner on future high-voltage battery techBMW and Rimac Technology have partnered to develop future high-voltage battery tech that would use 46-mm cells from Chinese cell maker Eve Energy.
Source: therealautoblog - 🏆 528. / 51 Read more »