Genesis Block, a premier Over-The-Counter (OTC) trading center for digital assets, has become the latest industry leader to give HaloDAO a vote of confidence. With a mission to make cryptocurrency accessible to all, Genesis Block supports the development of HaloDAO as an on-ramp and off-ramp partner.
HaloDAO’s partnership with Genesis Block will now enable everyone to send and receive digital HK dollars (HKD) to family, friends, business partners, suppliers, in fact, anyone they choose across the world.
HaloDAO is creating a foundational layer for the Southeast Asian digital economy by collateralising various assets to mint synthetic local stablecoins. With the close ties between ASEAN economies and Hong Kong, Genesis Block is proud to serve as a gateway for HKD holders to enter the HaloDAO’s growing stablecoin economy in the region.
Digital asset OTC trading center Genesis Block is a well-respected name within the cryptocurrency industry in the region. With a head office in Hong Kong, the financial hub of Asia, Genesis Block is backed by an experienced team of financial professionals and deep liquidity pools. The company is a pioneer in the crypto-space with the vision to bring mainstream adoption to cryptocurrency.
Genesis Block is working closely with TrustToken, a global platform for tokenizing fiat currencies and real-world assets, to help execute the partnership’s next development phase. Along with its flagship fiat-backed stablecoin, TrueUSD, TrustToken has successfully issued the first stablecoin pegged to an Asian currency, TrueHKD, a stablecoin backed by Hong Kong dollars.
Gateway for HKD Holders to HaloDAO Stablecoins
With the new partnership, Genesis Block will allow everyone to exchange local fiat currency, HK Dollars, for synthetic stablecoins generated by HaloDAO, or vice versa. This enables powerful use cases around the HaloDAO local synthetic stablecoins, such as cross-border and domestic remittance, and consumer payments, to Hong Kong users and beyond.
Furthermore, this will launch instant access to the permissionless Decentralised Finance (DeFi) economy, thereby lowering the barrier to individual financial participation in a region of the world that needs it the most.
Additionally, GBV Capital, a private investment firm closely working with Genesis Block, has invested in HaloDAO to grow the community and accelerate HaloDAO’s development to the next level.
Full-service investment firm GBV Capital has a mission of building the future through blockchain technology. It is an active participant in the DeFi revolution and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.
This new partnership is an exciting opportunity for us, as it will bring a whole new experience for users to hold crypto and earn interest – seamless and easy!
Join us to be one of the first few to own a piece of the Southeast Asian stablecoin Economy!
About Genesis Block
Genesis Block is a premier Over-The-Counter (OTC) trading center for digital assets. With a head office in Hong Kong, the financial hub of Asia, Genesis Block provides services to clients globally and proliferates. Our business comprises OTC/Proprietary trading, investments, building online/offline communities mainly in Hong Kong and Thailand.
Genesis Block also operates the most prominent digital asset ATM network in Asia through its subsidiary, CoinHere. With over 40 ATMs in the region, the company pioneers the crypto-space with the vision to make digital assets more accessible to all.
Closely working with Genesis Block, private investment company GBV Capital is an active participant in the DeFi revolution and has grown a thriving network to form an effective ecosystem for all aspects of blockchain, crypto, and DeFi projects.
Decentralized Autonomous Organization HaloDAO is a stablecoin protocol focused on the Southeast Asian region, home to 655 million people. The HaloDAO team builds the tools and infrastructure to enable everyday people, no matter what background or income bracket, to participate in self-sovereign and unhindered commerce.
HaloDAO aims to create a foundational layer for the Southeast Asian digital economy by collateralising MakerDAO’s Multi Collateral DAI and other collateral types to mint synthetic local stablecoins.
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