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World News by Wild Rose

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How PayMeโ€™s 3.3 million users and Hong Kong firms could start using stablecoins

For Hong Kongโ€™s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a stablecoin issuer licence from the Hong Kong Monetary Authority on Friday, marking a breakthrough in the cityโ€™s digital finance development. HSBC,...