Chainlink Facilitates Cross-Border CBDC-Stablecoin Exchange

Chainlink plays a crucial role in enabling the seamless exchange of Hong Kong’s central bank digital currency (CBDC), e-HKD, with an Australian dollar stablecoin. This development marks Phase 2 of the e-HKD+ Pilot Program, an initiative by the Hong Kong Monetary Authority (HKMA) to explore real-world applications for CBDCs. Through its secure oracle technology integration, the pilot showcases how government-issued digital currencies can interact seamlessly with private stablecoins. This fosters increased global financial connectivity and validates Chainlink’s role in facilitating trustless cross-chain value exchange.