Anchor Financial is about to announce the launch of a Hong Kong Dollar stablecoin called HKDAP.

BlockBeats News, July 20, according to

report, the launch of a Hong Kong stablecoin is imminent. Anchorpoint Fintech, led by Standard Chartered Bank (Hong Kong), is one of the institutions that obtained one of the two stablecoin issuer licenses approved by the Hong Kong Monetary Authority in April this year. Standard Chartered and Anchorpoint Fintech will jointly announce the launch of the stablecoin pegged to the Hong Kong dollar, 'HKDAP', by the end of this month (i.e., within the next two weeks) at the earliest.

Earlier reports indicated that the Hong Kong Monetary Authority announced in April this year that it had granted the first batch of stablecoin issuer licenses to Anchorpoint Fintech and HSBC.