ChinaAMC (Hong Kong) Completes Hong Kong's First HKDAP Stablecoin Digital Asset Investment Use Case

Odaily reports: ChinaAMC (Hong Kong) announced that it has partnered with Standard Chartered Bank and others to complete Hong Kong's first use case of HKDAP stablecoin investment in digital assets, demonstrating how a regulated Hong Kong dollar stablecoin can work in conjunction with digital financial assets under a compliance and regulatory framework, providing investors with more diversified investment options. HKDAP is a Hong Kong dollar stablecoin led by Standard Chartered Bank (Hong Kong) and issued by Anchorpoint Financial, a licensed stablecoin issuer in Hong Kong. (Sing Tao Daily)