Hong Kong takes tokenized settlement to 24/7, plans stablecoin trials
Summary
Hong Kong financial authorities are expanding their digital bond experiments to incorporate regulated stablecoins. Meanwhile, a major banking institution reports that its proprietary digital currency product has already attracted tens of thousands of active users.
The HKMA plans to bring regulated stablecoins into tokenized government debt trials, while HSBC says its RedCoin stablecoin has reached 50,000 users.
Source: Read the full story at Cointelegraph.com News
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