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Anchorpoint Plans Native HKDAP on Solana as Hong Kong Dollar Access Expands
Anchorpoint and Solana Foundation are exploring native HKDAP issuance, while the stablecoin remains in an institutional beta on Ethereum.
Dextape brief
Hong Kong dollar stablecoin issuer Anchorpoint has announced a collaboration to bring its HKDAP token to Solana. The company's release describes planned native minting and redemption, but it does not say public issuance or unrestricted retail access has started. According to the article, Anchorpoint's FAQ says the beta stage is open through a set of approved distributors serving non-retail customers, with HKDAP available on Ethereum at that point. The issuer aims for a Full Launch at the close of 2026 at the earliest, contingent on preparation in issuance, distribution and supporting infrastructure. The article adds that a Solana presence could let applications settle Hong Kong dollar obligations without sending users to another chain, though demand and redemption options will shape actual use.
Why it matters: It shows a Hong Kong dollar stablecoin seeking a native route into another blockchain ecosystem, which could matter for payments in that currency.
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Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.
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