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Hong Kong's fintech startups are planning to issue post-quantum stablecoins

2024-10-15 09:28:36

ChainCatcher news, according to Hong Kong media Ming Pao, the Vice Chairman of the Asian Financial Technology Association and a part-time lecturer at the University of Hong Kong's School of Professional and Continuing Education, Chan Wing-fung, stated that asset tokenization has become the hottest application of blockchain in the financial industry. The use of "post-quantum cryptography (PQC)" technology can maintain and even enhance the security of blockchain. Recently, a fintech startup in Hong Kong also announced plans to issue the world's first post-quantum stablecoin, using post-quantum encryption technology to protect transactions and assets. This stablecoin is pegged to the US dollar at a 1:1 ratio and uses post-quantum encryption algorithms to ensure transaction security.

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