Hong Kong Octopus will collaborate with a Blockchain platform to launch a stablecoin accelerator program, participating as an identification.

On July 11, according to the Hong Kong Economic Journal, digital asset technology company IDA announced earlier that it will collaborate with accelerator program organization Brinc, Octopus, and blockchain platform XDC to launch a stablecoin accelerator program. Octopus clarified that, to promote the future development of Hong Kong's fintech, it supports a concept exploration accelerator program led by Brinc, aimed at exploring a new generation of Web3 customer loyalty solutions, in an advisory capacity. The program is purely exploratory in nature and does not constitute a stablecoin product development project or a formal partnership.