The Hong Kong dollar stablecoin HKDAP has completed a transfer test on the Ethereum blockchain.
Odaily reported that Standard Chartered Hong Kong, Hong Kong Telecom, and Animoca Brands have jointly established the Hong Kong stablecoin issuer Radiant Financial, which announced that it has completed a transfer test of the HKD stablecoin HKDAP on the Ethereum chain. This test covered the process of converting fiat HKD funds into reserve assets. All HKDAP were fully redeemed after the transfer test was completed. HKDAP is expected to be issued in phases later this year.
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