Standard Chartered has just become the first bank to distribute the HKDAP stablecoin, the Anchorpoint-regulated Hong Kong dollar. They will start with institutional clients: settlements, fund subscriptions, and cross-border payments.
This is not a startup experiment. Itโs an $850 billion-asset bank putting a regulated stablecoin into its distribution network.
Are we seeing the moment when stablecoins stop being only โcryptoโ and start becoming real financial infrastructure?
Source: CoinDesk
#StandartChartered
This is not a startup experiment. Itโs an $850 billion-asset bank putting a regulated stablecoin into its distribution network.
Are we seeing the moment when stablecoins stop being only โcryptoโ and start becoming real financial infrastructure?
Source: CoinDesk
#StandartChartered