HSBC: In addition to Hong Kong dollar stablecoins, it is also considering offering stablecoins denominated in non-Hong Kong dollar currencies.

CoinFeed reported on June 9th that, according to Mobile Payment Network, Gu Zhongyi, General Manager 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 stablecoin as early as the second half of the year. The issued stablecoin will be integrated into the investment and payment processes within HSBC's own app, facilitating customer investment in tokenized assets. Gu Zhongyi stated that HSBC will continue to expand its tokenized investment categories and enrich its product portfolio. Gu Zhongyi revealed that, in addition to the Hong Kong dollar stablecoin, HSBC also plans to consider offering non-Hong Kong dollar denominated stablecoins, which are expected to optimize cross-border transfer services in Hong Kong and other regions. HSBC is also considering integrating other stablecoins regulated in Hong Kong. Gu Zhongyi emphasized that a diversified stablecoin market is a crucial support for the robust development of Hong Kong's digital asset ecosystem.