Hong Kong fintech company IDA plans to apply for a stablecoin license_WEB3 CATCHER

Hong Kong fintech company IDA plans to apply for a stablecoin license

2025-06-25 14:17:32 /

 IDA, a Hong Kong financial technology company, co-founder and member of the Hong Kong Special Administrative Region's third-generation Internet development special task force, Zhu Chengyu, said that the company plans to apply for a Hong Kong stablecoin license. He also revealed that stablecoins in Hong Kong are expected to be used as a tool for cross-border trade and investment settlement.

Disclaimer: This specification is preliminary and is subject to change at any time without notice.

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