HashKey has announced the beta distribution of the HKDAP stablecoin, a Hong Kong-regulated digital currency. This move is expected to expand institutional access to the stablecoin market in Hong Kong.
As an authorized distributor for Anchorpoint’s HKDAP, HashKey is playing a key role in shaping the regulated stablecoin market in Hong Kong. This development is based on reporting from CoinTelegraph.
The HKDAP stablecoin is part of Hong Kong's efforts to establish a regulated stablecoin market. Stablecoins are digital currencies pegged to the value of a traditional currency, in this case, the Hong Kong dollar.