Anchorpoint Financial completes testing of HKDAP stablecoin on Ethereum
Anchorpoint Financial has successfully completed testing its HKDAP stablecoin on the Ethereum blockchain. The testing process included all stages from minting to redemption, resulting in zero tokens left in circulation. The HKDAP stablecoin is designed to maintain a 1:1 peg with the Hong Kong dollar, backed by high-quality reserve assets.
- ▪Anchorpoint Financial conducted a full lifecycle test of the HKDAP stablecoin on Ethereum Mainnet.
- ▪The test included fiat HKD funding, minting, on-chain transfers, and total redemption.
- ▪HKDAP stands for 'HKD At Par' and is intended to maintain a 1:1 peg with the Hong Kong dollar.
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Anchorpoint Financial completes testing of HKDAP stablecoin on Ethereum The Hong Kong dollar-backed stablecoin ran through its full lifecycle on Ethereum Mainnet, from minting to redemption, with zero tokens left in circulation. Share Add us on Google by Editorial Team May. 21, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A Hong Kong dollar stablecoin just completed a full dress rehearsal on Ethereum.
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