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.
Chainlink’s Cross-Chain Interoperability Protocol will be integrated to enable secure and reliable cross-chain transfers of HKDR and easier access to the new stablecoin.
Additionally, the firm is also adopting Chainlink’s Proof of Reserve (PoR) to help provide reliable on-chain verification of HKDR’s reserve backing, according to the announcement.
Chainlink Delving Deeper Into RWA
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 tokenized real-world assets (RWA) using the stablecoin.
The Hong Kong-based fintech firm stated it had made agreements with “several globally renowned cross-border payments, virtual assets, and wealth management players” to use the HKDR for cross-border payments.
We współpracy z: https://cryptopotato.com/chainlink-chosen-as-technology-partner-for-hkdr-hong-kong-dollar-stablecoin/
