Hong Kong financial technology company IDA plans to apply for stablecoin license

Crypto 7x24

2025-06-25 14:17:35

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According to online reports, Chu Chengyu, co-founder of Hong Kong financial technology company IDA and member of the Third Generation Internet Development Task Force of the Hong Kong Special Administrative Region, said that the company plans to apply for a Hong Kong stablecoin license. He also revealed that stablecoin is expected to be used in Hong Kong as a tool for cross-border trade and investment settlement.

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