Standard Chartered Hong Kong says it plans to announce the issuance of the Hong Kong dollar stablecoin HKDAP in August

Comparatively, Standard Chartered Hong Kong and Greater China and North Asia Chief Executive Officer Luen Wai-yee announced that the official issuance of the Hong Kong dollar stablecoin HKDAP will be announced within August. At the same time, it will also sign a contracted distributor. As a stablecoin issuer, it will not directly connect with terminal users, but will distribute it through the formulation of approved distributors to its related enterprise and institutional customer base applications, including SMEs, traders, service providers, fund companies, and even individual users. tokenize B2B2C assets. (HK01)