Solana to Launch Regulated Hong Kong Dollar Stablecoin HKDAP
Solana Foundation partners with Anchorpoint Financial to bring a new HKD-backed stablecoin to its ecosystem.
Solana Foundation partners with Anchorpoint Financial to bring a new HKD-backed stablecoin to its ecosystem. Solana (SOL) is trading at $95.32. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Fri, 30 Oct 2026 22:00:04 UTC.
The introduction of HKDAP could strengthen Solana's position in the stablecoin market and attract more institutional users from Hong Kong's financial sector.
- Solana Foundation partners with Anchorpoint Financial for HKDAP stablecoin.
- HKDAP will be natively issued and redeemed on the Solana blockchain.
- Solana's DeFi TVL stands at $5.32B, despite market downturn.
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- Solana to Launch Regulated Hong Kong Dollar Stablecoin HKDAP — this brief
Solana Foundation has announced a partnership with Anchorpoint Financial to introduce HKDAP, a regulated stablecoin pegged to the Hong Kong dollar, to the Solana blockchain.
The agreement, formalized through a memorandum of understanding, will enable native issuance and redemption of HKDAP on Solana, providing users with a new fiat-backed stablecoin option.
This development comes as Solana's DeFi total value locked (TVL) remains at $5.32 billion [DeFiLlama], demonstrating continued activity in its decentralized finance ecosystem even amidst broader market downturns.
The addition of HKDAP could enhance Solana's stablecoin offerings, which currently include USDC and USDT, and may attract more institutional users from Hong Kong's financial sector.
The broader crypto market remains in a downturn, with 
Bitcoin down 2.54% in the last 24 hours and the overall market cap at $2.66 trillion. Solana's price is $95.32, showing a 0.83% decrease in the last 24 hours and an 8.10% drop over the past week.
Since this brief published about 1 hour ago, Solana (SOL) has moved from $95.32 to $95.32 — +0.00%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₦131,136.01 (about $95.32), down 2.3% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Solana to Launch Regulated Hong Kong Dollar Stablecoin HKDAP — questions & answers
What is HKDAP?
HKDAP is a stablecoin pegged to the Hong Kong dollar, set to be natively issued and redeemed on the Solana blockchain.
Why is this partnership significant for Solana?
The partnership could expand Solana's stablecoin ecosystem and attract more institutional users from Hong Kong's financial sector.
How does Solana's DeFi TVL compare to the broader market?
Solana's DeFi TVL is $5.32 billion [DeFiLlama], indicating ongoing activity despite the broader crypto market downturn.
How much is 1 Solana worth in naira today?
About ₦131,136.01 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $95.32. The naira price moves with both SOL's US-dollar price and the USDT/NGN rate; use our Solana in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.