Dingdian Financial Technology plans to launch a regulated Hong Kong dollar stablecoin HKDAP in phases during Q2.

Mars Finance reports that Animoca Brands announced on the X platform that a joint venture company, Dingdian Financial Technology, jointly established by Standard Chartered Bank, HKT, and Animoca Brands, will begin phased rollout of the regulated Hong Kong dollar-backed stablecoin HKDAP (HKD At Par) starting in the second quarter of this year. Its Group President Evan Auyang stated that a properly governed Hong Kong dollar-backed stablecoin is crucial to Hong Kong’s financial infrastructure.

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