Anchorpoint Taps Solana to Launch HKDAP Regulated Stablecoin
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Anchorpoint, the Standard Chartered-led consortium licensed by the Hong Kong Monetary Authority, has entered a strategic collaboration with the Solana Foundation to launch its HKDAP regulated stablecoin on the Solana blockchain. The partnership will enable native minting and redemptions of HKDAP directly on Solana, targeting retail, local, and international adoption. The move marks a notable expansion of Hong Kong's regulated stablecoin framework onto a high-throughput public chain, positioning Solana alongside traditional financial infrastructure in the city's digital asset push. It also signals growing competition among public blockchains to host compliant, fiat-backed tokens as jurisdictions formalize stablecoin regimes. Watch for the timeline of HKDAP's Solana integration, additional chain deployments, and whether adoption metrics such as minting volumes and circulating supply materialize following launch.
Muhabbit's AI wrote this summary in its own words from Bitcoin.com News's report. It can get details wrong, so check the source.
Named in this story
HKDAP, Anchorpoint, Solana Foundation, Standard Chartered, Hong Kong Monetary Authority