"Hong Kong's regulated stablecoin era moved to practice on August 12, 2026, when Anchorpoint Financial — one of the first two licensed stablecoin issuers in the territory — announced that HashKey Exchange joined as its first authorized distributor for HKDAP, its Hong Kong dollar-pegged token, and completed the first real minting and redemption cycle. The transaction, included fiat on-and off-ramping, marks the first circulation of a regulated HKD stablecoin under Hong Kong's Stablecoins Ordinance on a live public blockchain."