Anchor Fintech plans to launch regulated Hong Kong dollar stablecoin HKDAP in phases during Q2

Odaily News: Animoca Brands announced on the X platform that Anchor Fintech, a joint venture co-founded by Standard Chartered Bank, HKT, and Animoca Brands, will phase in the launch of the regulated Hong Kong dollar-backed stablecoin HKDAP (HKD At Par) starting in the second quarter of this year. Its Group President, Evan Auyang, stated that a properly governed Hong Kong dollar-backed stablecoin is crucial for Hong Kong's financial infrastructure.