On July 11, according to the Hong Kong Economic Journal, digital asset technology company IDA Lab announced earlier that it would join hands with accelerator program institution Brinc, Octopus, and blockchain platform $XDC to launch a stablecoin accelerator program.
Octopus clarified that, in order to promote the future development of Hong Kong's financial technology, Octopus is supporting a conceptual accelerator program led by Brinc, aimed at exploring next-generation Web3 customer loyalty solutions, in an advisory capacity. This program is purely conceptual in nature, is not a stablecoin product development project, and does not constitute a formal partnership. [Deep Tide TechFlow]