Chainlink Facilitates Secure Exchange of Hong Kong CBDC and Australian Dollar Stablecoin

Chainlink, a blockchain oracle provider, has announced the integration for secure exchange of a Hong Kong Central Bank Digital Currency (CBDC) and an Australian dollar stablecoin in Phase 2 of the e-HKD+ Pilot Program. This initiative builds on the pilot program’s exploration of tokenization to enhance the next generation of payment infrastructure while prioritizing financial stability and regulatory compliance. The program, which has focused on understanding how tokenization can contribute to transaction efficiency, is already demonstrating success in streamlining CBDC interactions with its Australian dollar stablecoin counterpart.