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HashKey starts beta rollout of Hong Kong stablecoin
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HashKey starts beta rollout of Hong Kong stablecoin

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  • HashKey has started the beta distribution of its Hong Kong dollar stablecoin, HKDAP.
  • The stablecoin is being developed under Hong Kong’s regulated digital asset framework.
  • The rollout marks another step in Hong Kong’s regulated stablecoin development.

HashKey has started the beta distribution of its Hong Kong dollar stablecoin, HKDAP, under Hong Kong’s regulated digital asset framework.

The beta rollout allows selected users to begin testing the stablecoin before a wider launch.

HashKey is developing HKDAP as a regulated Hong Kong dollar stablecoin within the city’s digital asset framework.

The beta phase is focused on testing issuance, transfers, and settlement functions before broader availability.

Hong Kong has been expanding its regulated digital asset framework, including rules for stablecoin issuers and licensed crypto businesses.

HashKey is one of the licensed digital asset groups operating under Hong Kong’s regulatory regime.

The beta rollout marks another step in the development of regulated Hong Kong dollar stablecoins and digital payment infrastructure.

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