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I heard that Solana is partnering with Anchorpoint—here’s the key point: it’s not about adding another stablecoin, but rather a licensed HKD token going live on a public chain. Anchorpoint is a joint venture between Standard Chartered Hong Kong, HKT, and Animoca, licensed by the HKMA. They’ve signed an MOU with the Solana Foundation to enable native minting and redemption of HKDAP on Solana—the first public blockchain to enter into this type of partnership. The volume is still small, but the direction is clear: HKDAP is circulating at around $103 million, while total stablecoins on Solana have already surpassed $14 billion. This opens significant potential for retail payments and tokenized assets. What I like most: Asian currency doesn’t need to go through USD to get on-chain. But this is still just an MOU—the official Solana version hasn’t launched yet—so be cautious of fake tokens labeled HKDAP on Solana.

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