Hong Kong-Licensed Firms Complete Ethereum Test for HKD Stablecoin

In a development reported by HKET, Anchorpoint Financial, a stablecoin issuer licensed by the Hong Kong Monetary Authority, has teamed up with OSL Group and PantherTrade, a trading platform backed by Futu Holdings, to successfully conduct a transfer trial of the HKDAP Hong Kong dollar–pegged stablecoin on the Ethereum blockchain.

Following this milestone, HKDAP is expected to move into a staged rollout, with issuance beginning by the end of the second quarter of this year.

Source: HKET