Flare and Red Date Technology will pilot stable currency purchases for China citizens in Hong Kong."
Internet reports that Layer 1 blockchain Flare and decentralized cloud infrastructure company Jujube Technology announced the launch of two pilot projects in Hong Kong, allowing mainland residents to purchase stablecoins issued by virtual asset company IDA. The first pilot will allow users to register anonymously on regulated stablecoin applications, and the second pilot will promote the use of stablecoins to purchase tokenized financial products. These two pilots will use the mainland's real-name decentralized identity system (RealDID) for anonymous registration.
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