Hong Kong dollar stablecoin HKDAP completes transfer test on the Ethereum chain

Odaily Planet Daily News: Standard Chartered Hong Kong, Hong Kong Telecom, and Animoca Brands jointly established the Hong Kong stablecoin issuer Anchoring Point Finance announced that they have completed the transfer test of the Hong Kong dollar stablecoin HKDAP on the Ethereum blockchain. This test covered the process of converting fiat Hong Kong dollars into reserve assets. All HKDAP tokens were fully redeemed after the transfer test was completed. It is expected that HKDAP will be issued in phases later this year. (Hong Kong Economic Daily)

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