🚨🇭🇰 Hong Kong just took HKD stablecoins one step deeper into finance.
On September 18, HKDAP was used in a transaction involving ChinaAMC Hong Kong, Standard Chartered and OSL.
The stablecoin was used to subscribe for and redeem units of a digital money market fund. 👀
That’s bigger than simple payments.
💵 Digital money
🔗 Fund settlement
🏦 Institutional infrastructure
🌐 Tokenized finance
But one transaction doesn’t prove mass adoption.
The bigger question is whether regulated HKD stablecoins can scale into broader financial use cases across Asia.
👀 Could stablecoins become a bridge between traditional finance and tokenized assets?
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