Hong Kong stablecoin to launch within the year; Diandian Technology expected to begin trial in mid-year, HSBC to launch in Q3-Q4

Odaily Planet Daily News: When discussing the upcoming arrangements for stablecoin licenses, Hong Kong Monetary Authority Chief Executive Eddie Yue stated that Diandian Technology is expected to launch its stablecoin around mid-year, with trial use beginning in a few weeks; HSBC is expected to launch its stablecoin in the third to fourth quarters of this year. The application scenarios for Diandian Technology's and HSBC's stablecoins differ.