Fake HSBC bank stablecoins hit the market showcasing dangerous new crypto scam wave

The most dangerous stablecoin scam probably looks nothing like what most people picture. There’s no anonymous founder, no Discord full of bots, no promise of returns that defy basic economic logic. Instead, it has a professional ticker, institutional branding, and a name that tens of millions of people have trusted with their savings for generations. That’s the premise at the center of a regulatory alert Hong Kong’s …