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🔥Standard Chartered Bank will issue the Hong Kong dollar stablecoin HKDAP in phases this year in Q2
On April 11, the Hong Kong Monetary Authority issued stablecoin issuer licenses to the first batch of institutions in April 2026, and among them was Anchorpoint Financial Limited, a joint venture formed by Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecom (HKT), and Animoca Brands. Anchorpoint plans to issue the Hong Kong dollar-pegged stablecoin HKDAP (i.e., “Hong Kong dollar equivalent”) in phases starting from the second quarter of this year, using a B2B2C model to provide access channels to the public through authorized distributors. The company focuses on scenarios such as the settlement and distribution of tokenized real assets, cross-border capital, and payment flows, and is committed to driving an upgrade of financial infrastructure in Hong Kong and the Asia region. Standard Chartered...