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<Research>JPM Expects HSBC, StanChart to Integrate Stablecoins into Payment Ecosystems
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The Hong Kong Monetary Authority (HKMA) has announced the granting of stablecoin issuer licenses to HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK)'s joint venture, according to JPMorgan's report. JPMorgan views this as a positive development that can ease market concerns that the Hong Kong government might slow the development of digital assets. As both HSBC and Standard Chartered are note-issuing banks in Hong Kong, they are expected to work closely with the Hong Kong Monetary Authority (HKMA) to minimize potential disruption to the existing financial system from stablecoin circulation. At the corporate level, it is likely that HSBC and Standard Chartered will integrate stablecoins into their respective payment ecosystems. Since Standard Chartered has a more comprehensive digital asset business layout, it may have more application scenarios than HSBC. Auto-translated by AI AASTOCKS Financial News |
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