Hong Kong Establishes Ensemble Task Force to Advance Stablecoin Integration with CBDC

According to its latest statement, Hong Kong's Financial Secretary Sit has confirmed that two licensed stablecoin issuers are participating in projects led by the Hong Kong Monetary Authority (HKMA) involving central bank digital currency and tokenized deposits. The HKMA will continue monitoring implementation and exploring broader applications for compliant stablecoins in digital finance. Additionally, the authority has established the Ensemble project task force to advance unified standards and enable interoperability between CBDC and tokenized assets.
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