Hong Kong Plans Stablecoin Trials as 24/7 Tokenized Settlement Begins
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Hong Kong has expanded its EnsembleTX platform to support round-the-clock settlement of tokenized financial transactions. The HKMA also completed secondary-market trials involving tokenized Exchange Fund Bills, with regulated stablecoin payments planned next. Meanwhile, HSBC reported 50,000 users for its newly launched RedCoin.
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