Chainlink Chosen as Technology Partner for HKDR Hong Kong Dollar Stablecoin

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On May 7, the crypto oracle solutions provider announced that RD Technologies was integrating Chainlink CCIP and Proof of Reserve to power its Hong Kong dollar stablecoin.

Additionally, the firm is also adopting Chainlink’s Proof of Reserve to help provide reliable on-chain verification of HKDR’s reserve backing, according to the announcement.The collaboration aims to enable more businesses and merchants to settle payments in HKDR, enjoy faster and cheaper cross-border payments, and enable reliable transfer of

LINK prices have been weak recently, having lost almost 30% over the past month as crypto markets corrected from their mid-March highs.

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