Update
Hong Kong Expands Stablecoin Trials and Blockchain Settlement
Hong Kong’s HKMA plans to expand regulated stablecoin trials for tokenized government debt and connect the Hong Kong’s Faster Payment System with UnionPay International by year-end. HSBC reports 50,000 users for its RedCoin stablecoin. Project Ensemble allows participating banks to process transactions using tokenized central bank money beyond traditional banking hours.