ChainCatcher news, according to CoinDesk, Layer 1 blockchain Flare and decentralized cloud infrastructure company Red Date Technology announced the launch of two pilot projects in Hong Kong, allowing mainland residents to purchase stablecoins issued by virtual asset company IDA.The first pilot will allow users to register anonymously on a regulated stablecoin application, while the second pilot will facilitate the use of stablecoins to purchase tokenized financial products. Both pilots will utilize the mainland's real-name decentralized identity identification system (RealDID) for anonymous registration.It is reported that RealDID is a blockchain-based identity system launched in December 2023 by the Blockchain Service Network (BSN) and the First Research Institute of the Ministry of Public Security.