Dingdian Financial, licensed by the Hong Kong Monetary Authority as a stablecoin issuer, has successfully completed a transfer test for its Hong Kong dollar stablecoin "HKDAP" on the Ethereum mainnet. The test, conducted in collaboration with OSL Group and Futu Holdings' licensed trading platform "Leopard Trading," involved converting fiat Hong Kong dollars into reserve assets. Standard Chartered Hong Kong provided infrastructure and institutional trust services to ensure full backing. All test tokens were redeemed post-completion. The official announcement indicates that HKDAP is set for phased issuance starting late Q2 this year.
Dingdian Financial Completes HKDAP Stablecoin Transfer Test on Ethereum
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