HSBC CEO responds to Hong Kong stablecoin license application

HSBC's CEO, Adam Smith, stated that HSBC is interested in participating in Hong Kong's innovative development and hopes to play a role in the field of stablecoins. The Hong Kong Monetary Authority plans to issue the first batch of stablecoin issuer licenses in March. HSBC has used blockchain technology to help issue bonds and conduct tokenized gold business, and explore innovative technologies such as tokenized deposits to serve the financial system.