Defi
HKDAP stablecoin launch adds Standard Chartered as first bank distributor
The Cryptonomist·August 25, 2026·1 min read
Standard Chartered Bank Hong Kong became the first bank to distribute HKDAP on August 24, 2026, marking the territory's first live regulated local-currency stablecoin. The move opens access for eligible institutional clients, advancing Hong Kong's push for a homegrown alternative to dollar-pegged tokens. This development strengthens the region's digital asset infrastructure and regulatory framework.
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