Global bank HSBC is prioritizing tokenization over stablecoins, introducing Tokenized Deposit Service (TDS) for US and UAE clients in 2026. TDS enables instant 24/7 transfers and interest payouts, differentiating from stablecoins. HSBC plans to expand TDS use cases, considering potential stablecoin issuance in the future. Other major banks, like JPMorgan, are also embracing tokenization technology.

Read more at Cointelegraph: HSBC To Launch Tokenized Deposits In US And UAE in 2026