Standard Chartered becomes first bank to distribute regulated HKDAP stablecoin
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🚨Standard Chartered Bank Hong Kong to offer regulated HKDAP stablecoin to institutions.
🏦HKDAP is used for tokenized fund settlements, cross-border payments, and treasury management.
🌏Anchorpoint Financial, backed by Standard Chartered, issues the $HKDAP stablecoin.
📣Regulation in Hong Kong requires all stablecoin issuers to obtain a license.
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