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Standard Chartered-led Dingdian Financial Technology is expected to launch the Hong Kong dollar stablecoin HKDAP as early as this month.

PANews
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PANews July 21 report: Citing an informed source, Hong Kong’s Sing Tao Daily reported that Anchorpoint, a fintech company led by Standard Chartered Bank (Hong Kong), is expected to announce the launch of a stablecoin as early as the end of this month. Anchorpoint plans to roll out HKDAP, a stablecoin pegged to the Hong Kong dollar. Virtual asset trading platforms including OSL Group and HashKey Exchange will act as distributors. An Anchorpoint spokesperson told Sing Tao Daily that it is advancing preparations for the phased issuance of the regulated, Hong Kong dollar-pegged stablecoin HKDAP as planned, and will announce the latest progress in due course.
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