According to CoinMeta, the HashKey exchange announced that it will use Hong Kong’s first compliant stablecoin, HKDAP, for cross-border trade transactions with the United Arab Emirates and the Middle East region. In 2025, the total value of cross-border trade between Hong Kong and the UAE was 48.95 billion US dollars, nearly twice that of 24 billion US dollars with other regions in the Middle East. HashKey will also collaborate with the digital asset insurance company OneDegree to use HKDAP for commercial insurance payouts. HKDAP is Hong Kong’s first HKD-pegged stablecoin launched under regulatory frameworks, and its issuer, AnchorPoint Financial, plans to make it available to retail users by the end of 2026.