Project

HKDAP

HKDAP is a Hong Kong dollar-pegged stablecoin issued by Anchorpoint Financial, running on Ethereum under Hong Kong's licensed stablecoin regime.

Known aliases

HKD At Par
HKD at par stablecoin
Hong Kong dollar at par

Current stories

invest1 publisherOne report

Hong Kong's two licensed stablecoin issuers wait for a trading venue behind the city's yuan agenda

Christopher Hui gave Hong Kong lawmakers an offshore-yuan agenda led by PBoC swap talks while the city's two licensed stablecoin issuers lack a trading venue. Both issue Hong Kong-dollar coins, and the licensing bill for virtual-asset trading is promised only for later this year.

Publishers:cryptopolitan.com

Reality

Evidence45
Adoption15
Hype gap+10
Incentives: Insufficient
Confidence45

invest1 publisherOne report

HKMA takes Hong Kong's debt settlement platform on-chain around the clock by year end

The Securities and Futures Commission is drafting a digital-asset licensing regime alongside the upgrade, and the Hong Kong dollar stablecoin already in circulation totalled 522,000 tokens on August 19.

Publishers:cryptopolitan.com

Reality

Evidence48
Adoption22
Hype gap+32
Incentives58
Confidence45

invest1 publisherOne report

Standard Chartered puts Hong Kong's regulated HKD stablecoin behind the bank counter

Becoming HKDAP's first bank distributor gives institutions on-chain settlement without an exchange account. It also leaves one group holding the issuer stake, the reserves and the channel.

Publishers:cryptopolitan.com

Reality

Evidence34
Adoption21
Hype gap+27
Incentives79
Confidence41

invest1 publisherOne report

Tokenized stocks hit $2.7 billion, and the venue with the users is winning

Binance's bStocks passed xStocks in under two months to become the second-largest issuer. The category grew roughly 34x in a year, and the leaderboard now rewards whoever already owns the order flow.

Publishers:cointelegraph.com

Reality

Evidence42
Adoption55
Hype gap+22
Incentives68
Confidence48

invest1 publisherOne report

A code review just made HKMA stablecoin compliance an on-chain question

Analyst Yajin Zhou's team says the KYC and revocation controls in Anchorpoint's live HKDAP contract do not work as coded. The contract is verified on Etherscan, so anyone can check.

Publishers:cryptopolitan.com

Reality

Evidence42
Adoption28
Hype gap+18
Incentives58
Confidence40