UHKD (UHKD)

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Primary Markets (1 Active) - Total Market Volume: ~$55
Liquidity Pools (1 Active) - Total Pool Liquidity: ~$1191
About
Introduction
The UHKD Stablecoin (UHKD) is a digital currency based on blockchain technology, with its value pegged to the Hong Kong Dollar (HKD), where each UHKD represents one Hong Kong Dollar. The purpose of UHKD is to provide a convenient way for Hong Kong Dollar holders to convert their currency into blockchain tokens and use these tokens for activities such as gaming abroad while benefiting from the security, transparency, speed, and cost-effectiveness offered by blockchain technology.

Product Background
The Hong Kong Dollar is the official currency of Hong Kong and is one of the most significant international currencies in Asia. For Hong Kong Dollar holders wishing to use their currency for activities like gaming overseas, they typically need to convert it into the local currency or international currencies like the US Dollar through a third-party platform or service. This process is not only time-consuming and cumbersome but also comes with additional fees and exchange rate risks.

To address this issue, we introduce the concept of the UHKD Stablecoin (UHKD), a digital currency based on blockchain technology, with its value pegged to the Hong Kong Dollar. By using HKD, Hong Kong Dollar holders can directly convert their currency into blockchain tokens and use these tokens for activities abroad without the need for intermediaries or platforms. Furthermore, UHKD can take advantage of the security, transparency, speed, and cost-efficiency provided by blockchain technology.
Reserves Verification (Beta - we are still building automated signatures)
Stable Connection Tue, 24 Dec 2024 18:19:53 GMT
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