HashKey to use HKDAP for Hong Kong-UAE trade, insurance payments

HashKey plans to use the Hong Kong dollar stablecoin HKDAP for trade transactions between Hong Kong and the UAE, as well as for commercial insurance premium payments, according to CoinDesk. Trade between Hong Kong and the UAE totaled about $48.95 billion in 2025, roughly double the volume between Hong Kong and other Middle Eastern countries at about $24 billion, CoinDesk reported. The exchange also plans to use HKDAP for business insurance premium payments with OneDegree, a Hong Kong-based digital asset insurer.