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

Jun 25, 2025 13:27:26

Share to

ChainCatcher news, Zhu Chengyu, co-founder of the Hong Kong fintech company IDA and a member of the Hong Kong Special Administrative Region's Third Generation Internet Development Task Force, stated that the company plans to apply for a Hong Kong stablecoin license. He also revealed that stablecoins are expected to be used in Hong Kong as a tool for cross-border trade and investment settlement.

Related Projects

IDA

Latest News

Yi Lihua: Plans to prepare 1 billion dollars to continue increasing holdings of ETH

ChainCatcher

Dec 24, 2025 12:31:47

Data: The current Crypto Fear and Greed Index is 25, indicating extreme fear

ChainCatcher

Dec 24, 2025 12:30:44

The Hong Kong Securities and Futures Commission has included "可盈可乐" and "Globiance X/Globiance HK" in the warning list of suspicious virtual asset trading platforms

ChainCatcher

Dec 24, 2025 12:23:52

HashKey Capital's fourth fund has completed its first round of fundraising, raising $250 million

ChainCatcher

Dec 24, 2025 12:12:28

Data: Some Memes on the Solana chain have seen significant increases, with PIPPIN rising by 35%

ChainCatcher

Dec 24, 2025 12:10:02

Recent Fundraising

$2M Dec 24

$1M Dec 24

$2M Dec 22

New Tokens

Dec 23

TradeTide AI TTD

Dec 20

Helios Blockchain HLS

Dec 19

Latest Updates on 𝕏

Laura Shin Followed Accountable

Dec 22

Base Followed WishWish

Dec 22

Zaki Manian Followed World

Dec 22