Solana (SOL) Moves In on Hong Kong Banks to Scale Its $14 Billion Stablecoin Market
Photo: U.Today
While mainland China maintains a strict ban on cryptocurrency transactions, the American platform Solana Foundation has made a major step in the region by signing a strategic agreement with a local licensed issuer in Hong Kong, Anchorpoint Financial Limited. The partnership launches the HKDAP stablecoin for retail payments and tokenized assets — this is the project's first direct collaboration with a public blockchain foundation. The issuer Anchorpoint is a consortium of Standard Chartered Bank (Hong Kong), telecom operator HKT and Animoca Brands, which received the FRS01 license from the Hong Kong Monetary Authority (HKMA).
Source: U.Today
