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  "path": "/ethereum-sees-3-firms-test-hkdap-stablecoin/",
  "publishedAt": "2026-05-21T18:00:00.000Z",
  "site": "https://crypto.news",
  "tags": [
    "News",
    "DeFi",
    "Exchange",
    "Hong Kong"
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  "textContent": "Hong Kong’s first officially approved HKD-backed stablecoin, HKDAP, has completed a live transfer test on Ethereum involving three licensed firms. The transfer of Hong Kong’s HKD-backed stablecoin on Ethereum (ETH) demonstrates the regulator’s willingness to adopt innovative DeFi tooling. According…",
  "title": "Ethereum sees 3 firms test HKDAP stablecoin"
}