HKDAP Stablecoin Expected to Launch by Month-End, Led by Standard Cha…

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. If you build cross-border payment or settlement tech for Asia, a major bank just built the rails you were selling to them. Standard Chartered's stablecoin is live infrastructure; now you compete or integrate, not pitch.