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Anchorpoint launches HKDAP stablecoin on Solana for faster, global Hong Kong Dollar use.

Protocol Fundamentals
01 Nov 2026, 07:30 WIB
Bitcoin
View Source
Bullish
Anchorpoint launches HKDAP stablecoin on Solana for faster, global Hong Kong Dollar use.

Anchorpoint, a consortium licensed by the Hong Kong Monetary Authority, has partnered with the Solana Foundation to launch its HKDAP stablecoin on the Solana blockchain. This integration enables native minting and redemption with near-instant settlement, targeting both retail and institutional users to boost the Hong Kong Dollar's appeal globally. The move aims to bridge regulated financial infrastructure with public blockchain technology, expanding HKDAP's use beyond retail to tokenized products and international markets. This follows similar efforts like HSBC's Redcoin, highlighting growing adoption of Hong Kong Dollar-backed stablecoins in digital finance.

Following Anchorpoint's launch of the HKDAP stablecoin on Solana, the platform's native token SOL trades at Rp1.729.780 with a slight 0.65% decline as of Nov 01, 2026 11:41 WIB. Solana's market cap stands at Rp1.021,32 trillion, and trading volume over the past 24 hours reached Rp25,49 trillion. On Pluang, buyer interest remains strong with 70% of order activity favoring purchases and a typical hold time of 72 days.

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