HashKey taps Hong Kong's first regulated stablecoin to settle insurance and trade deals

Following institutional trials, the HKD-pegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab Emirates

• HashKey Exchange will use newly launched HKDAP, Hong Kong’s first regulated Hong Kong dollar-pegged stablecoin, to settle cross-border trade with the UAE and broader Middle East and to pay commercial insurance premiums.
• HKDAP, issued by Anchorpoint Financial and currently limited to institutional users, is expected to open to retail customers by the end of 2026, positioning Hong Kong as an alternative settlement hub in Asia–Middle East trade.
• Hong Kong has granted only two stablecoin issuance licenses—one to Anchorpoint and one to HSBC—underscoring tight regulatory controls as global stablecoin markets, still dominated by U.S. dollar-pegged tokens, are forecast to grow sharply by 2030.

1. 1 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 9 hours ago
2. 2 Crypto job postings triple to over 1,200 in September, but applications fall 9 hours ago
3. 3 Cathie Wood says smart investors need to start watching where AI agents spend money 10 hours ago
4. 4 Crypto's Sisyphean struggle 12 hours ago
5. 5 BlackRock offers a glimpse of how tokenization may change your investment portfolio 12 hours ago
6. 6 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
7. 7 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
8. 8 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
9. 9 Trump’s potential AI czar, Jay Clayton, helped pioneer the SEC’s crypto crackdown 1 day ago
10. 10 America at a crossroads: Commissioner Peirce’s parting challenge 1 day ago

The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions

Crypto job postings triple to over 1,200 in September, but applications fall

BlackRock offers a glimpse of how tokenization may change your investment portfolio

Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.