HashKey uses Hong Kong's first regulated stablecoin for insurance and trade settlement

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HashKey is deploying Hong Kong's first regulated HKD-pegged stablecoin to settle insurance and trade finance transactions. The move follows successful institutional trials of the digital asset. The initiative targets a share of Hong Kong's $49 billion trade corridor with the United Arab Emirates. By using a regulated stablecoin, HashKey aims to streamline cross-border settlement processes between the two financial hubs.

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