On October 23, HSBC integrated its Hong Kong dollar stablecoin, RCHKD, directly into PayMe, which has over 3.3 million users.
Crypto enthusiasts used to clamor every day for traditional finance to embrace blockchain. Now the established players have arrived in force, bringing their massive customer bases, licenses, and offline payment networks.
Everyone keeps their eyes on native Web3 projects, but the toughest competitor in the stablecoin market of the future may not be another crypto company at all. AAPLB
Crypto enthusiasts used to clamor every day for traditional finance to embrace blockchain. Now the established players have arrived in force, bringing their massive customer bases, licenses, and offline payment networks.
Everyone keeps their eyes on native Web3 projects, but the toughest competitor in the stablecoin market of the future may not be another crypto company at all. AAPLB