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Stablecoin HKDAP Completes Ethereum Transfer Test, Staged Launch Planned for 2026

GateNews

Project Progress ethereum news

2026-05-14 05:16:54

ETH-1.54%

ON-12.22%

ALL-4.76%

IN-4.46%

According to Hong Kong Economic Daily, Anchoin Finance, a Hong Kong stablecoin issuer backed by Standard Chartered Hong Kong, Hong Kong Telecom, and Animoca Brands, announced it has completed transfer testing for the Hong Kong Dollar stablecoin HKDAP on the Ethereum blockchain. The test covered the process of converting fiat Hong Kong Dollar reserves into reserve assets, with all HKDAP tokens fully redeemed after testing. The issuer plans to launch HKDAP in staged phases later this year.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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