HSBC plans to offer stablecoins denominated in non-HKD

Comparing news, Gu Zhongyi, general manager of HSBC's global escrow products, said that the plan is to consider providing stablecoins denominated in non-Hong Kong dollars. It is expected that this type of product will optimize cross-border transfer services in Hong Kong and other regions after implementation; at the same time, HSBC is also considering connecting to other stablecoins regulated in Hong Kong. Gu Zhongyi added that HSBC plans to launch a Hong Kong dollar stablecoin in the second half of the year as soon as possible. The issued stablecoins will be integrated into the investment and payment process within the app to support investment in tokenized assets. (mobile payment network)