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🚨 Urgent: Standard Chartered has become the first bank in the world to launch a stablecoin subject to regulatory oversight.
The bank—whose assets are valued at $850 billion—is rolling out the “HKDAP” coin (backed by the Hong Kong dollar) to institutional clients for payment and settlement purposes.
At the same time, HSBC is preparing to launch its own stablecoin linked to the Hong Kong dollar later this year, and it may offer it via the “PayMe” app, which has 3.3 million users.
#StandardCharted #PayMe #HSBC #HKDAP
The bank—whose assets are valued at $850 billion—is rolling out the “HKDAP” coin (backed by the Hong Kong dollar) to institutional clients for payment and settlement purposes.
At the same time, HSBC is preparing to launch its own stablecoin linked to the Hong Kong dollar later this year, and it may offer it via the “PayMe” app, which has 3.3 million users.
#StandardCharted #PayMe #HSBC #HKDAP
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