Hong Kong’s First Approved Stablecoin HKDAP Completes Ethereum Test Ahead of Q2 Launch

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Anchorpoint Financial, together with OSL Group and Futu Holdings-backed licensed trading platform PantherTrade, has completed a transfer test of the Hong Kong dollar stablecoin HKDAP, or HKD At Par, on the Ethereum mainnet, according to Hong Kong Economic Times.

The report described HKDAP as Hong Kong’s first officially approved stablecoin. Anchorpoint, which has obtained a stablecoin issuer license from the Hong Kong Monetary Authority, expects phased official issuance of HKDAP to begin by the end of the second quarter.

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Hong Kong’s First Officially Approved Stablecoin Completes Testing on Ethereum According to HKET, Anchorpoint Financial, which has obtained a stablecoin issuer license from the Hong Kong Monetary Authority, together with OSL Group and Futu

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