According to Mobile Payment Network, Gu Zhongyi, General Manager of HSBC Global Custody Products, said that HSBC is considering offering stablecoins denominated in currencies other than the Hong Kong dollar. Once such products are launched, they are expected to optimize cross-border remittance services in Hong Kong and other regions. HSBC is also considering enabling access to other stablecoins that are regulated in Hong Kong. Gu Zhongyi added that a diversified layout in the stablecoin market is an important support for the steady development of Hong Kong’s digital asset ecosystem. HSBC plans to launch a Hong Kong dollar stablecoin as early as the second half of the year. The issued stablecoin will be integrated into the investment and payment processes within HSBC’s own app, supporting investment in tokenized assets.

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VolatilityInATeacup
· 11h ago
Established banks are creating RWA payment loops, directly purchasing tokenized assets within their apps. This approach is much more stable than pure DeFi.
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PocketValidator
· 13h ago
HSBC is jumping into the stablecoin space—traditional banks are finally done pretending.
In the second half of the year, let’s see whether a Hong Kong dollar stablecoin can make an impact.
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GateUser-06596f3b
· 13h ago
Non-Hong Kong dollar pricing plus a multi-currency layout—cross-border transfer fees are probably about to get absolutely crushed, and I’m looking forward to the integration experience.
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