Hong Kong is taking very aggressive approach towards the stablecoin. It wants to topple the USD dominance. Yet wants to peg itself across USD internationally. Kind of like niche in itself where the enterprise would be using HKD locally. 

HKD is now extending itself to the banks. And they have got the first bank for the distribution for their stablecoin. Take example of Standard Chartered which is becoming it's first bank for  distributor of HKDAP (“HKD At Par”). 

Standard chartered is one of those simple banks entering into the blockchain based commerce and payments ecosystem. And this simplicity is making them the stablecoin market distributor. Hong kong has given them the chance to do the HKD distribution. 

You can read more about it here. 

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