Hong Kong’s Monetary Authority has advanced the EnsembleTX project, enabling real-value settlement of tokenized transactions around the clock. The extension uses tokenized central bank money to facilitate international transfers, management of tokenized investments and banks’ treasury operations. The authority plans to introduce regulated stablecoins into trials involving tokenized Exchange Fund Bills. Separately, HSBC says its RedCoin stablecoin has reached 50,000 users within about 10 days, while the bank is targeting several million users.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
