KAS Watch
← News
MarketPublished by KAS Watch · October 25, 2026

HSBC rolls out its first stablecoin to over 3 million everyday app users

HSBC and Standard Chartered-led Anchorpoint received Hong Kong’s first stablecoin issuer licenses in April. Anchorpoint subsequently began rolling out the HKDAP stablecoin in August.

Why it matters for the market

The broad deployment of institutional stablecoins by major banking groups shapes broader digital asset adoption trends. This is an industry observation, and any indirect relevance to Kaspa depends entirely on future market liquidity and sentiment shifts.

Original source

CoinDesk
Source publication · October 23, 2026 · 1 verified source
Open original source ↗
HSBCStablecoinHong KongAnchorpointMarket Trends
Community

Discussion

Comments are public. Sign in to join the discussion.

Checking account…
0 / 1000
Checking account…

Keep reading

Related stories

MarketUS data center restrictions could give Bitcoin miners an edge in AIRead related story →MarketDeutsche Bank launches crypto custody for companies and institutionsRead related story →MarketParaguay bank collapse shows stablecoins offer a lifelineRead related story →