Futu's Subsidiary Completes HKDAP Transfer Test on Ethereum
Futu's subsidiary, Leopard Trading, and Dingdian Finance have successfully completed a transfer test of the Hong Kong dollar stablecoin 'HKDAP' on the Ethereum mainnet. According to Foresight News, the test involved converting fiat Hong Kong dollars into reserve assets, with Standard Chartered Bank ensuring full backing for all HKDAP transfers. Following the test, all HKDAP were fully redeemed. The two companies plan to continue their collaboration, aiming to launch HKDAP in phases by the end of the second quarter of 2023.
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