Andian Financial is about to announce the launch of the Hong Kong dollar stablecoin "HKDAP"

On July 20, according to the Hong Kong Economic Journal, the issuance of stablecoins in Hong Kong is about to start. Anchorpoint, led by Standard Chartered Bank (Hong Kong), was one of the institutions that received the first approval of two stablecoins issued by the Hong Kong Monetary Authority in April this year. Standard Chartered and Anchorpoint Financial will issue a joint announcement as soon as the end of this month (that is, within the next two weeks), announcing the launch of a stablecoin "HKDAP" pegged to the Hong Kong dollar. It was previously reported that the Hong Kong Monetary Authority announced in April this year that it had awarded anchor financial and HSBC's first batch of stablecoin issuer licenses.