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Story summary
- HSBC will launch a Hong Kong dollar-denominated stablecoin in second half of 2026 after receiving stablecoin issuer license from the Hong Kong Monetary Authority.
- The stablecoin will be integrated into HSBC's PayMe app and mobile banking platform for 3.3 million PayMe users.
- The stablecoins will be fully backed by high-quality liquid assets to ensure stability.
- The move positions HSBC as a leader in integrating digital currencies into Hong Kong finance.
