IDA & AUDC Launch Stablecoin-Powered Trade Initiative for Hong Kong and Australia

A strategic collaboration between IDA, a Hong Kong-based fintech firm, and AUDC Pty Ltd has been announced, launching a new initiative to revolutionize cross-border trade between Hong Kong and Australia using a stablecoin based on the Hong Kong-Australia Free Trade Agreement (A-HKFTA). This initiative aims to streamline payment processes for businesses operating in these regions, providing faster and more transparent transactions at a lower cost.