Standard Chartered CEO Sees Hong Kong Stablecoin as Pivotal for International Trade Settlement

Standard Chartered CEO Bill Winters said on Monday that Hong Kong's push into tokenized money and stablecoins could lay the foundation for a new era of digital trade settlement. Speaking at Hong Kong FinTech Week, Winters pointed to ongoing pilots in tokenized deposits and the creation of a Hong Kong-dollar-backed stablecoin as potential breakthroughs for cross-border commerce. “I wouldn’t say that we’ve fully captured the digitized nature of those flows as yet, but we will,” Winters said. “Having innovat ...