TechFlow News: On May 14, according to the Hong Kong Economic Journal, Dingdian Financial—a Hong Kong-based stablecoin issuer jointly established by Standard Chartered Hong Kong, HKT, and Animoca Brands—announced that it has successfully completed a transfer test for its Hong Kong dollar-pegged stablecoin, HKDAP, on the Ethereum blockchain. This test covered the process of converting fiat Hong Kong dollars into reserve assets. All HKDAP tokens were fully redeemed following the completion of the transfer test. HKDAP is expected to be launched in phases later this year.
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