TechFlow News, June 09: According to Mobile Payment Network, Gu Zhongyi, Head of Global Custody Products at HSBC, stated that HSBC has obtained a stablecoin issuer license in Hong Kong and plans to launch a Hong Kong dollar (HKD)-pegged stablecoin as early as the second half of this year. The stablecoin will be integrated into HSBC’s proprietary app for investment and payment processes to support clients’ investments in tokenized assets.
Gu Zhongyi noted that stablecoins can provide more options and flexibility for fund payments and trade settlements while enhancing settlement efficiency. In addition to the HKD-pegged stablecoin, HSBC is also considering issuing stablecoins denominated in non-HKD currencies to optimize cross-border remittance services in Hong Kong and other regions, and is evaluating integration with other stablecoins regulated in Hong Kong.
