🇭🇰 Hong Kong gets its first HKD backed stablecoin

BlockworksJan 30, 2019 ⋅ 1 min read

Hong Kong's Bitspark, a cryptocurrency money transfer platform, has launched stable coin Sparkdex.HKD. The coin is pegged to the Hong Kong Dollar, the first of its kind. The firm's reserves will be audited locally and published in quarterly reports. Sparkdex.HKD is listed on Bitspark's decentralized exchange (DEX), Sparkdex.

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