Standard Chartered venture Anchorpoint begins Hong Kong dollar stablecoin rollout

Aug 12 : Standard Chartered's joint venture Anchorpoint Financial said on Wednesday it had begun the first phase of the rollout of its Hong Kong dollar-backed stablecoin, offering limited access to institutional distributors and professional investors.The stablecoin, called HKD At Par (HKDAP), will allow initial distri

A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurrency was expected “as early as end-2026”