HKDAP Stablecoin Expected to Launch by Month-End, Led by Standard Chartered Hong Kong

Standard Chartered Bank Hong Kong is launching HKDAP, a Hong Kong dollar-pegged stablecoin, by month-end through Anchorpoint Financial—the fastest reported deployment timeline for a local stablecoin. The move signals regulatory approval for bank-issued digital currency in Hong Kong and opens infrastructure for cross-border settlement and DeFi integration.

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