Faster global financial news!
Standard Chartered-led Venture Launches Institutional Use of HKD-Backed Stablecoins in Hong Kong; Retail Use Expected by End-2026
A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, stated that retail use of the regulated cryptocurrency is expected as early as end-2026, subject to market conditions.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
Previous: CNBC: AI's expensive build-out and slow corporate adoption are causing short-term inflationary pressures, rather than the previously predicted deflation, complicating the Federal Reserve's anti-inflation efforts.
|
Next: US CPI inflation data, due at 8:30 a.m. ET, may further reduce the likelihood of a Federal Reserve rate hike in September, following weak July jobs reports.
24H Trending
-
1
Crusoe abandons $1.25 billion plan, will no longer use Boom Supersonic turbines to build AI data centers.
-
2
Federal Reserve's Hammack: Rising Treasury Yields Reflect Economic Growth, US Debt, and Interest Rate Path
-
3
U.S. diesel prices are nearing the record high of $6.50, with the White House weighing a tax holiday and easing "red diesel" regulations, while an export ban remains under evaluation.
-
4
German Chancellor Merz faces government crisis as far-right AfD makes strong gains in recent local elections amid economic and migration fears
-
5
Vitalik Buterin reposts nero_eth's tweet, highlighting Glamsterdam's snap v2 technology to enhance Ethereum node synchronization speed and simplicity
-
6
The White House stated that the US and China agreed to establish an AI "communication channel" following the summit.
-
7
EDAT (EnviDa) Project Status and Market Analysis
-
8
LIBREF Coin: LibreFreelancer Project Analysis and Market Status
-
9
Can Ethereum lead the next bull market and surpass Bitcoin in market capitalization?
-
10
Audemars Piguet CEO says Royal Pop collaboration with Swatch is breaking sales records despite luxury watch slump and tariffs
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
