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Anchorpoint Launches HKDAP: Hong Kong's First Dollar-Backed Stablecoin

Guavy AI Editorial Team
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Anchorpoint Financial has launched HKDAP, a Hong Kong dollar-backed stablecoin, in a limited institutional rollout. The token is now live, though access is still restricted to institutions and professional investors while the system beds in.

The initial phase of the HKDAP stablecoin rollout is built around institutional payments and settlement. Anchorpoint plans to widen access channels over time and eventually push into cross-border applications.

HKDAP could reach retail users by the end of 2026, once the institutional phase matures, according to Anchorpoint.

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