HKMA chief: HSBC, Anchor Technology to launch stablecoins this year

Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA), said in an interview that Anchor Technology plans to launch a stablecoin around the middle of this year, with a pilot program scheduled to begin in a few weeks. According to ChainCatcher, Yue added that HSBC also intends to launch a stablecoin in the third or fourth quarter of this year. He explained that the two companies are targeting different use cases, with Anchor Technology focusing on global payments and HSBC concentrating on personal payments.