RD Technologies, the developer of the Hong Kong coin stablecoin HKDR, has announced that it will integrate with Chainlink, a Decentralization computing platform, and integrate with the cross-chain Interoperability protocol (CCIP), Golden Finance reported. In addition, coin technology also announced that it will adopt Chainlink's Proof of Gold Reserve (PoR) feature to provide reliable on-chain verification of HKDR's reserves. In previous news, Norman Chan, former chief executive of the Hong Kong Monetary Authority and chairman of Yuan coin technology, said that he had expressed his opinion to the regulator that he hoped to pilot the trial of Hong Kong dollar stablecoins before legislation, emphasizing that the issuance of Hong Kong dollar stablecoins will definitely comply with the regulatory framework.

PANews reported on May 7 that according to Chainlink's official news, RD Technologies is studying the launch of a Hong Kong dollar stable HKDR to promote the sustainable development of Web 3.0 and virtual asset ecosystems in Hong Kong and Asia, and coin RD Technology will integrate with the services of Chainlink, a coin Decentralization computing platform, to promote the development of coin Technology's stablecoin business. coin By partnering with Chainlink to integrate HKDR with the Chainlink cross-chain Interoperable protocol (CCIP), YDR will enable HKDR to securely and securely transfer cross-chain and reach more diverse long users. In addition, coin technology will adopt Chainlink's Proof of PoR feature to provide reliable on-chain verification of HKDR's reserves.

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Odaily Planet Daily News CoinMarketCap Research released a report on the US dollar Stable Coin TrueUSD (TUSD), which shows that in 2023, the market share of TUSD will increase from 0.53% to 1.79%, an increase of more than 238%, and the total Market Cap of TUSD will increase from $799.31 million to $2.31 billion in the same period. The report also delves into a key differentiator of TUSD transparency, namely TUSD's real-time on-chain proof of reserves that support stable coins, reportedly compiled by The Network Firm LLP, an independent accounting firm in the United States, and TUSD's integration of Chainlink's Proof of Reserves (PoR) technology, making it the first USD Stable Coin to incorporate real-time verification of off-chain USD reserves. （Chainwire）

According to official news, Gate.io released the first Proof of Reserve (PoR) report in 2024, covering more than 170 digital assets, totaling $4.3 billion, with a reserve ratio of 115.47%. It is understood that Gate.io carried out zero-knowledge verification and privacy upgrades for its PoR last year. The latest report also shows that this is the fourth year that Gate.io has released a user-verifiable PoR report, adding $1.1 billion to total PoR and $584 million in additional reserves since the last report.

Gate.io recently upgraded its Proof of Reserves system and released its November PoR report. Gate.io PoR uses Merkle Tree and zk-SNARKs technology to enable users to easily verify assets. Now it supports over 100 cryptocurrencies and provides a user-friendly, one-stop page that is easy to navigate. In November, the Gate.io had a reserve ratio of 115.59%, with reserves of 17,108 BTC, 224,676 ETH, and 495,951,134 USDT. To learn more about the Gate.io Proof of Reserves, please visit: https://www.gate.io/proof-of-reserves

Chainlink announced a partnership with Chainlink Labs to support stablecoin adoption and help support Chainlink Proof of Reserves (PoR), CCIP, and Price Feed as the industry-standard services for stablecoins.

PANews News on October 25, according to Decrypt reports, Republican Senator Thom Tillis of North Carolina and Democratic Senator John Hickenlooper of Colorado introduced a bill, The Proving Reserves of Others Funds, which aims to prevent unethical mixing of client funds. and require a neutral third-party auditor to submit a monthly Proof of Reserves (PoR) report. The two lawmakers said the bill would establish safeguards to prevent another FTX-type crash. According to the bill, crypto exchanges must establish baseline account standards that guarantee customer funds, will also require verification of cryptographic proof of reserves as well as proof of liability of companies, and finally, the bill provides for a series of civil penalties, including fines to be paid in case of offences.

Republican Senator Thom Tillis of North Carolina and Democratic Senator John Hickenlooper of Colorado have introduced a bill that they say would establish safeguards to prevent another FTX-type crash. The bill, called the Proof of Other Fund Reserves (PROOF) Act, aims to prevent unethical mixing of client funds and requires neutral third-party audit firms to submit a monthly Proof of Reserves (PoR) report. According to the bill, crypto exchanges must establish baseline account standards that guarantee customer funds, will also require verification of cryptographic proof of reserves as well as proof of liability of companies, and finally, the bill provides for a series of civil penalties, including fines to be paid in case of offences.

PANews news on July 27th, Matrixdock, a digital asset platform focused on providing tokenization solutions for real world assets (RWA), announced the use of Chainlink's Proof of Reserves (PoR) to increase its short-term treasury tokens on the Ethereum mainnet ( "T-Bill") transparency. Matrixdock is a brand of Matrixport. The integration enables stablecoin holders of Matrixdock’s flagship Short-Term Treasury Bill Token (“STBT”) to obtain six-month exposure to U.S. Treasury securities as well as reverse repurchase agreements backed by U.S. Treasury securities. Chainlink Proof-of-Reserve (PoR) enables Matrixdock stakeholders to monitor reserves, ensuring their T-bill tokens are fully backed by U.S. Treasuries.