PANews reported on April 10th that Standard Chartered Bank announced that its subsidiary, Point Financial Technology Co., Ltd., a joint venture between Standard Chartered Bank, Hong Kong Telecom, and Anni Group, has been successfully included in the first batch of stablecoin license applicants announced by the Hong Kong Monetary Authority today. Point Financial expects to launch its regulated, Hong Kong dollar-pegged stablecoin, "HKDAP," in phases starting in the second quarter of this year. It will adopt a business-to-business and business-to-consumer model, leveraging the extensive customer base of designated authorized distributors to broaden public access to "HKDAP." Furthermore, Point Financial will further promote business development by offering preferential measures to early partners.