Hong Kong stablecoin
Standard Chartered’s CEO believes that Hong Kong’s stablecoin is crucial for enhancing international trade settlement processes. The CEO noted the potential of such digital currencies in improving efficiency and reducing transaction costs in global trade. He emphasized that integrating stablecoins could streamline cross-border payments, making them more accessible and quicker. Additionally, the CEO mentioned the importance of regulatory frameworks to ensure the stablecoin’s effectiveness in international markets. He discussed how this development aligns with emerging trends in digital finance.
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