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MintAfterCoffee

2026-05-21 16:12:04

The full redemption explanation is truly 1:1, not the kind of fake coin.

View Original

WuSaidBlockchainW2026-05-21 15:37:52

According to Wu Shuo, Hong Kong Economic Daily reports that Dockpoint Financial, which received a stablecoin issuer license from the Hong Kong Monetary Authority, announced that together with OSL Group (00863) and Futu Holdings' licensed trading platform "Cheetah Trading," they successfully completed a transfer test of the Hong Kong dollar stablecoin "HKDAP" ("HKD At Par") on the Ethereum mainnet. This test covered the process of converting fiat Hong Kong dollar funds into reserve assets, with infrastructure and institutional trust services provided by Standard Chartered Hong Kong to ensure full backing. All test tokens were fully redeemed after completion. The official revealed that HKDAP plans to begin phased official issuance by the end of the second quarter of this year.

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