DBS Signals Strategic Shift as Hong Kong’s Stablecoin Rules Take Effect
Quick Breakdown DBS will prioritize stablecoin ecosystem development over derivatives trading under Hong Kong’s new Stablecoin Ordinance. Hong Kong’s stablecoin licensing framework takes effect with a list of approved issuers expected early next year. DBS sees stablecoins driving cross-border and trade payments, leveraging its regulated digital exchange experience in Singapore. ...