Standard Chartered has become the first bank in Hong Kong authorized to support the circulation of HKDAP, according to an Odaily report citing Cointelegraph. HKDAP is described as Hong Kong’s first regulated stablecoin backed by the Hong Kong dollar. The update centers on the bank’s authorization status and the positioning of HKDAP within Hong Kong’s regulated digital asset framework. No additional operational details were disclosed in the brief report.
Standard Chartered has become the first bank in Hong Kong authorized to support the circulation of HKDAP, Odaily reported, citing Cointelegraph.
HKDAP is Hong Kong’s first regulated stablecoin backed by the Hong Kong dollar.
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