According to official news, Hong Kong digital asset technology company IDA is currently working with Chainlink to integrate Chainlink's industry-standard token asset services for its upcoming stablecoin HKDA, which is collateralized at 1:1 with Hong Kong dollars, including Chainlink's proof of reserve (PoR) for verifying asset collateralization rates and Chainlink's cross-chain interoperability protocol (CCIP) for cross-chain transmission of data and value.
This cooperation will enable HKDA users to view the collateral reserves of stablecoins through Chainlink's secure and reliable on-chain reserve proof data, improving its transparency
In addition, IDA also plans to integrate Chanlink CCIP to achieve secure cross-chain HKDA, ultimately enhancing the functionality and usability of HKDA.
It is reported that IDA is a digital asset technology company dedicated to promoting the adoption of blockchain finance and enabling enterprises to seamlessly connect between the Web2 and Web3 worlds. HKDA is a stablecoin based on the public chain protocol and pegged to fiat currency, and it is also the first product issued by IDA.