Leopard Trading, a platform under Futu Holdings, has completed a successful transfer test for the HKDAP stablecoin on the Ethereum mainnet. The test, conducted in collaboration with AnchorPoint FinTech Limited and the OSL Group, involved converting fiat Hong Kong dollars into reserve assets, minting HKDAP, and executing on-chain transfers. Standard Chartered Bank supported the process by providing infrastructure and trust services, ensuring all HKDAP tokens were fully backed by reserve assets. Post-test, all issued tokens were redeemed.
Futu's Cheetah Trading Successfully Tests HKDAP Stablecoin Transfer
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