Hong Kong’s first regulated stablecoin faces its market test
Hong Kong’s stablecoin experiment has entered its first controlled market test. On August 12, Anchorpoint began phase-one Beta Access for HKDAP, initially involving institutional distributors and professional investors. HashKey and OSL are among the first issuer-authorised distributors. HashKey has completed an initial client mint-and-redemption transaction with fiat on-ramps and off-ramps, while…
We haven't written up this one. Asia Times has the full story — the link below goes straight to it.
