Anchorpoint Plans Native HKDAP Issuance on Solana

Anchorpoint's move signals that Hong Kong dollar stablecoin competition is now about distribution rails as much as the token itself. Choosing Solana while still in a limited Ethereum beta suggests a bet on throughput and ecosystem reach, but the absence of a timeline leaves the plan at the announcement stage. The sharper contrast is with HSBC's RedCoin, which is already live for retail payments through PayMe — a bank-backed incumbent with real users versus a beta-stage challenger. The open question is whether HKDAP's Solana issuance arrives with concrete partners and timing, or remains a roadmap item while bank-issued alternatives entrench.