Svmuu reported that Anchor Point Financial, a Hong Kong stablecoin issuer jointly established by Standard Chartered Hong Kong, Hong Kong Telecom, and Animoca Brands, announced that it has completed a transfer test of the Hong Kong dollar stablecoin HKDAP on the Ethereum chain. This test covered the process of converting fiat Hong Kong dollars into reserve assets. All HKDAP tokens were fully redeemed after the transfer test was completed. It is expected that HKDAP will be issued in phases later this year. (Hong Kong Economic Times)