IDA partners with Bank of East Asia on stablecoin use case

IDA announced strategic collaboration with The Bank of East Asia, Limited on December 11, 2024.

Primary

IDA

Counterparty

The Bank of East Asia, Limited

Structure

strategic collaboration

Date

December 11, 2024

Sub-sector

Crypto / Stablecoin

Explores HKD-pegged stablecoin integration into payment infrastructure to strengthen Hong Kong's digital asset market and enable efficient cross-border transactions.

Primary company

IDA

Counterparty

The Bank of East Asia, Limited

Amount

Not disclosed

Event date

December 11, 2024

Sub-sector

Crypto / Stablecoin

HQ

Not disclosed

Structure

strategic collaboration

Source published

December 11, 2024

Publisher

PR Newswire

Source: tmcnet.com