HKD (HKD)

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Primary Markets (1 Active) - Total Market Volume: ~$0
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About
Introduction
The HKD Stablecoin (HKD) is a digital currency based on blockchain technology, with its value pegged to the Hong Kong Dollar (HKD), where each HKD represents one Hong Kong Dollar. The purpose of HKD is to provide a convenient way for Hong Kong Dollar holders to convert their currency into blockchain tokens and use these tokens for activities such as gaming abroad while benefiting from the security, transparency, speed, and cost-effectiveness offered by blockchain technology.

Product Background
The Hong Kong Dollar is the official currency of Hong Kong and is one of the most significant international currencies in Asia. For Hong Kong Dollar holders wishing to use their currency for activities like gaming overseas, they typically need to convert it into the local currency or international currencies like the US Dollar through a third-party platform or service. This process is not only time-consuming and cumbersome but also comes with additional fees and exchange rate risks.

To address this issue, we introduce the concept of the HKD Stablecoin (HKD), a digital currency based on blockchain technology, with its value pegged to the Hong Kong Dollar. By using HKD, Hong Kong Dollar holders can directly convert their currency into blockchain tokens and use these tokens for activities abroad without the need for intermediaries or platforms. Furthermore, HKD can take advantage of the security, transparency, speed, and cost-efficiency provided by blockchain technology.
Reserves Verification (Beta - we are still building automated signatures)
Stable Connection Thu, 29 Feb 2024 21:44:35 GMT
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