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Hong Kong fintech startup plans to issue post-quantum stablecoin

Hong Kong fintech startup plans to issue post-quantum stablecoin

CointimeCointime2024/10/15 01:36
By:Cointime

Chen Yingfeng, Vice Chairman of the Asian Financial Technology Association and part-time lecturer at the University of Hong Kong School of Continuing Education, said that asset tokenization is 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 Hong Kong fintech startup announced plans to issue the world's first post-quantum stablecoin, which uses post-quantum encryption technology to protect transactions and assets. The stablecoin is pegged to the US dollar at a 1:1 ratio and is secured by post-quantum encryption algorithm.

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