Layer-1 blockchain Flare has announced a pilot program to grant stablecoin access to users residing in mainland China and those residing in Hong Kong.
Flare announced that it has partnered with Red Date Technology on these pilot programs as well.
Layer-1 blockchain Flare (FLR) has announced that it has partnered with Red Date Technology to launch pilots in Hong Kong that will allow users to purchase stablecoins issued by the IDA, CoinDesk reported.
These pilots will allow users to purchase stablecoins and other tokenized financial products without sending traditional identification.
Following the news, the FLR price started to rise.
*This is not investment advice.