Bitspark Debuts Hong Kong Dollar-Pegged Stablecoin on Decentralized Exchange

  • Hong Kong -based money transfer platform Bitspark has launched what is reportedly the first stablecoin pegged to the Hong Kong dollar (HKD), Bitspark, which has positioned itself as a platform where stablecoins form the medium of value transfer, launched the Sparkdex.
  • Until now, US Dollar stablecoins have dominated the market but there are other national currencies in the world, like the Hong Kong Dollar,” the publication quotes CEO George Harrap as saying.
  • As Cointelegraph reported, platforms have added multiple stablecoins at a time, including those pegged to the same fiat currency , namely USD.

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