CryptoCointelegraphabout 2 hours ago
Hong Kong Expands Tokenized Settlement to 24/7
2 min read
The Hong Kong Monetary Authority advanced Project Ensemble to allow round-the-clock settlement of tokenized transactions on Monday. Regulator Eddie Yue stated this update helps banks move funds globally outside conventional hours. HSBC's RedCoin stablecoin reached 50,000 users ten days after launching on Oct. 23 for transfers and merchant payments through its PayMe application.
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