📰 Breaking: Standard Chartered Bank becomes the world’s first traditional bank to distribute a compliant stablecoin; with an asset size of 850 billion, it distributes the Hong Kong dollar stablecoin HKDAP, for institutional clients to make payments and settle transactions.
HSBC is developing its own Hong Kong dollar stablecoin and plans to launch it this year, with integration for 3.3 million PayMe users.
HKDAP is currently limited to institutional use, marking the practical rollout of Hong Kong-compliant stablecoins and RWA settlement.
$CRCL $ENA $SKY
HSBC is developing its own Hong Kong dollar stablecoin and plans to launch it this year, with integration for 3.3 million PayMe users.
HKDAP is currently limited to institutional use, marking the practical rollout of Hong Kong-compliant stablecoins and RWA settlement.
$CRCL $ENA $SKY
