Faster global financial news!
HashKey Exchange to use Hong Kong's first regulated stablecoin, HKDAP, for cross-border trade and insurance settlements
svmuu.com18/08/2026 10:38
Complaint Report
Complaint Report
HashKey Exchange, Hong Kong's largest cryptocurrency exchange, will utilize HKDAP, the city's first regulated Hong Kong dollar-pegged stablecoin, to settle cross-border trade transactions with the UAE and the wider Middle East region. This follows HKDAP's debut six days ago. The exchange will also use HKDAP for commercial insurance premium payouts with digital asset insurer OneDegree. HashKey previously tested HKDAP for life insurance premium payments with insurer YF Life on August 14. HKDAP's issuer, Anchorpoint Financial, began a limited institutional rollout on August 12, with retail access potentially by the end of 2026. Hong Kong's total cross-border trade with the UAE was $48.95 billion in 2025.
Source：CoinDesk · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
What is Mantle (MNT)? An Analysis of Its Ecosystem and Market Performance
-
2
NIOX Coin (Autonio) Project Analysis: Positioning, Current Status, and Future Development Prospects
-
3
ETHY (Ethy AI) Token Analysis: On-chain Identity and AI Agents, Trading Channels and Market Status
-
4
PancakeSwap (CAKE) Investment Risks and Opportunities Analysis
-
5
LILFLOKI Token Analysis: Project Positioning, Current Status, and Investment Risk Assessment
-
6
AADA Coin Analysis: Aada Finance's Cardano Lending Protocol and Future Development
-
7
Bitcoin ETFs saw nearly $390 million in net outflows last week, sparking market concern over cautious institutional investor sentiment.
-
8
CKUSD Stablecoin Project Status Analysis: Market Activity and Investment Risks
-
9
KRED Coin Analysis: The Current State and Future Prospects of the Gaming Token in the JEDSTAR Ecosystem
-
10
FXT Coin Analysis: Distinguishing FXT Token from FTX Token (FTT) and Their Market Status
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
