Hong Kong Dollar

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.