HK Coin
HK Coin Whitepaper
Last UpdatedJanuary 2023
HKC is a revolutionary stablecoin pegged to the value of Hong Kong dollar. One HKC is equivalent to one Hong Kong dollar. With Hong Kong dollar as the backing fiat currency placed into custody of third-party trusts for safekeeping, which are subject to monthly transaction review by audit firm and public disclosures, HKC is regarded as a safe and well accepted stablecoin for transactional uses, particularly for Hong Kong and Asian users. Primary usages: 1. A medium through which value can be exchanged within the crypto world as well as between the fiat and crypto worlds is essential – HKC can bridge that gap, and is ideal for Hong Kong and Asian users 2. HKC as a medium for trade settlement, particularly for Hong Kong and Asian users, increases the efficiency of cross-border trade by avoiding redundant intermediaries 3. HKC’s value is pegged with Hong Kong dollar, which is pegged with US Dollar, hence making it an effective denomination for Defi


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