IDA

IDA

Fiat-referenced stablecoin enabling seamless global commerce and payments with 24/7 access and 100% reserve backing. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$24—36m (Dealroom.co estimates Sep 2024.)
Hong Kong Island Hong Kong (HQ)
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HKDA is a fiat-referenced stablecoin designed to enhance connectivity for seamless commerce and payments between Hong Kong and global markets. The stablecoin is fully backed by at least 100% reserve assets held in regulated Hong Kong-based authorized institutions, ensuring that HKDA can always be redeemed 1:1 with its fiat currency. The company prioritizes security and compliance with regulatory standards, providing a reliable and trustworthy financial ecosystem. HKDA operates on a multi-chain approach, leveraging the strengths of various blockchain networks to foster interoperability, accessibility, resilience, and liquidity. This approach enables round-the-clock global trades, unlocking borderless opportunities and empowering users to manage their finances anytime, anywhere. The primary clients include businesses and individuals engaged in cross-border trade and global commerce, seeking a secure and efficient payment solution. HKDA operates in the digital asset and financial technology market, utilizing a business model that focuses on transaction fees and value-added services. The company generates revenue through transaction fees and partnerships with financial institutions and blockchain networks.

Keywords: stablecoin, fiat-referenced, global commerce, payments, 24/7 access, reserve-backed, multi-chain, interoperability, compliance, blockchain.