IDA and AUDC Partner to Launch Stablecoin-Based Cross-Border Trade Initiative

Hong Kong-based fintech firm IDA and AUDC Pty Ltd have joined forces to launch a cross-border trade initiative leveraging a Hong Kong-Australia stablecoin. This collaboration aims to revolutionize trade between Hong Kong and Australia, streamlining payments with faster, more transparent, and cost-effective systems. 2023’s $5.3 billion in trade value underscores the potential of this partnership built on the strong trade relationship fostered under the Australia-Hong Kong Free Trade Agreement (A-HKFTA). This agreement highlights Hong Kong’s pivotal role as a bridge between mainland China and the world, benefiting from its high degree of autonomy under the