Dingdian Financial to Launch HKD Pegged Stablecoin HKDAP

Dingdian Financial Technology is set to announce the launch of its HKD-pegged stablecoin, HKDAP. The company, led by Standard Chartered Bank (Hong Kong), is one of the two institutions that received the first stablecoin issuer licenses from the Hong Kong Monetary Authority in April this year. Standard Chartered and Dingdian Financial are expected to issue a joint announcement by the end of this month to officially launch the stablecoin. The Hong Kong Monetary Authority granted the first stablecoin issuer licenses to Dingdian Financial and HSBC in April this year.

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