Dingdian Finance is set to announce the launch of the Hong Kong dollar stablecoin 'HKDAP'.
2026.07.20 11:39:16
According to a report from the *Hong Kong Economic Journal*, the launch of stablecoin issuance in Hong Kong is imminent. Anchorpoint Fintech, led by Standard Chartered Bank (Hong Kong), is one of the two institutions that received the first stablecoin issuer licenses from the Hong Kong Monetary Authority (HKMA) in April this year. Standard Chartered and Anchorpoint will release a joint announcement as early as before the end of this month (i.e., within the next two weeks) to unveil the launch of the Hong Kong dollar-pegged stablecoin "HKDAP". Earlier reports noted that the HKMA granted Anchorpoint and HSBC the first batch of stablecoin issuer licenses back in April this year.
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