HSBC Plans to Offer Non-HKD-Pegged Stablecoins

Odaily Planet Daily News: Anita Koo, General Manager of Global Custody Products at HSBC, stated that the bank is considering offering non-HKD-pegged stablecoins. The launch of such products is expected to optimize cross-border transfer services in Hong Kong and other regions. HSBC is also considering integrating other stablecoins regulated in Hong Kong. Koo 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 investments in tokenized assets. (Mobile Payment Network)