YUE MON said in a June 8 Beijing interview that Dingdian Technology expects to
launch a stablecoin mid-year with trial use beginning in a few weeks, while HSBC
targets a Q3–Q4 rollout. Dingdian’s token is aimed at cross-border payments to
cut remittance costs and speed transfers for cross-border e-commerce and
regional trade; HSBC’s product will focus on retail payments and may connect to
clearing platforms to advance tokenized-asset settlement. He added Wealth
Management Connect 3.0 is under continued discussion.
