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HSBC said that the Hong Kong dollar retail stablecoin RedCoin attracted approximately 1 users in more than 50000 weeks since launch and plans to expand to several million users. Merchant payment and wallet top-up functions have launched and will subsequently cover more HSBC and Hang Seng customers.
According to reports, the OCC encourages U.S. community banks to apply pursuant to the GENIUS Act to become approved stablecoin issuers, in order to expand their role in the digital payments sector.
Golden Finance's roundup states that the Bank of Israel said cryptocurrencies cannot be used to circumvent sanctions; it also mentions that Netanyahu is considering using cryptocurrency to evade sanctions.
The Swedish central bank wants lawmakers to reconsider the need to issue an e-krona and begin legislative and technical preparations as soon as possible. It is concerned that foreign-currency stablecoins and digital EUR could weaken the use of the Swedish krona in payments over the long term.
According to BlockBeats, citing the South China Morning Post, HSBC plans to roll out its HKD stablecoin to more than October 23 PayMe users in phases from 3300000; initial functions include transfers and merchant payments.
PANews states that American Express released an Intent Intelligence framework to AI capture and authenticate customers' purchase intent before agent transactions, and makes it available through the ACE developer toolkit.