Standard Chartered First Bank Approved to Distribute Hong Kong’s Regulated HKD Stablecoin HKDAP
Summary
- Standard Chartered said it has become the first bank approved to distribute HKDAP, a Hong Kong dollar (HKD)-pegged stablecoin under Hong Kong’s regulatory framework.
- Cointelegraph reported on X that Standard Chartered was the first bank approved to distribute HKDAP.
- HKDAP is the first Hong Kong dollar-based stablecoin to be issued and distributed under Hong Kong’s regulatory framework, and Standard Chartered will support its distribution following the approval.
Forecast Trend Report by Period
Standard Chartered has become the first bank approved to distribute HKDAP, Hong Kong’s first regulated stablecoin pegged to the Hong Kong dollar.
Cointelegraph reported on X on August 25 that Standard Chartered was the first bank to receive approval to distribute HKDAP.
HKDAP is a stablecoin tied to the Hong Kong dollar. It is the first Hong Kong dollar-based stablecoin to be issued and distributed under Hong Kong’s regulatory framework.
With the approval, Standard Chartered will support HKDAP’s distribution.
minriver@bloomingbit.ioHello, I'm a reporter at bloomingbit