HSBC rolls out first stablecoin to over 3 million everyday app users
AI summary
HSBC is rolling out its first stablecoin to more than 3 million users of its everyday app, extending a Hong Kong stablecoin push that began when HSBC and Standard Chartered-led Anchorpoint received the territory's first stablecoin issuer licenses in April. Anchorpoint started rolling out HKDAP in August. A major bank putting a stablecoin in front of millions of retail users is a meaningful step for tokenized money and could support sentiment around regulated stablecoin adoption.
