Hong Kong Dollar

A Visa survey of 14,250 people found that stablecoin interest is growing across Asia Pacific, with 46% of consumers likely to use the tokens within five years. The findings also show a major education gap, as only 6% of respondents accurately understood how stablecoins work.

Payward-owned Reap is preparing to add a Mexican peso stablecoin to its card, cross-border payment and treasury products through its global partnership with Visa. The plan points to rising interest in local-currency stablecoins that can support foreign exchange activity outside traditional banking hours.

Standard Chartered-led Anchorpoint Financial has begun a limited rollout of HKDAP, a Hong Kong dollar-backed stablecoin, after securing one of the city’s first issuer licences. HashKey Exchange and OSL Group are now authorized distributors, giving eligible institutions and professional investors access to minting and redemption channels.