Hkma

The Standard Chartered-backed issuer put HKDAP into beta on Wednesday, with HashKey Exchange and OSL Group cleared to mint and redeem for professional investors only.

The Hong Kong Monetary Authority handed its inaugural stablecoin issuer licences to HSBC and Anchorpoint Financial on Friday, selecting two winners from a field of 36 applicants and clearing the path for the city's first bank-issued HKD stablecoins within months.