Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin

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Anchorpoint, a Standard Chartered-led platform, launches the Hong Kong dollar stablecoin HKDAP, allowing institutional and professional investors to mint and redeem tokens through authorized distributors HashKey Exchange and OSL Group. This move aims to increase adoption of stablecoins in Hong Kong's financial markets, potentially boosting institutional investment and liquidity, as Asian markets continue to drive global crypto growth.