HSBC Plans to Offer Stablecoins Denominated in Non-HKD Currencies

Odaily Odaily reports that Anna Gu, General Manager of Global Custody Products at HSBC, stated that the bank is considering offering stablecoins denominated in non-HKD currencies. The launch of such products is expected to optimize cross-border remittance services for Hong Kong and other regions. Additionally, HSBC is also exploring the integration of other stablecoins regulated in Hong Kong. Gu further added that HSBC plans to launch an HKD stablecoin as early as the second half of this year. The issued stablecoin will be integrated into the investment and payment processes within the bank's own app, supporting investment in tokenized assets. (Mobile Payment Network)