Find HKC, the Hong Kong dollar stablecoin, only on Okcoin

written by Stephane Marbeau

Find HKC, the Hong Kong dollar stablecoin, only on Okcoin

Okcoin is the first crypto exchange in the world to list OneCash’s Hong Kong dollar stablecoin, HKC. It’s available now, with some of the lowest fees around. 👀


  • What? You can now deposit, withdraw, and trade HKC against USD now, and against USDT soon.
  • Who? All Okcoin customers including those in the United States, except for residents of the EU, the UK, Singapore, and Brunei, can buy HKC.
  • When? Deposit, withdrawal, and trading against USD are now live. The HKC/USDT pair will open on Friday, November 12. 🔥


What’s OneCash?

OneCash is an Asian fintech platform focused on stablecoins. Stablecoins are cryptocurrencies pegged to fiat currencies, such as, in this case, the Hong Kong dollar (HK$), or to the price of commodities, like gold. The purpose of a stablecoin is to combine the agility of a cryptocurrency with the stability of a national currency. At the moment, OneCash’s stablecoin solutions center on Asian fiat currencies.

What’s HKC?

HKC is a stablecoin pegged 1:1 to the Hong Kong dollar, meaning the price of 1 HKC always remains equal to that of 1 HK$.  

How does that work? HKC is issued by Definition Islander Technology Limited (“DITL”) and is backed 100% in cash. In order to maintain HKC’s stable peg, one HK$ is purchased for every new HKC token minted, and one HK$ is sold for every HKC burned. HKC’s purpose is to help buyers using HK$ easily access crypto markets. 


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