Hong Kong Issues First Stablecoin Licences to HSBC and Consortium

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Hong Kong Monetary Authority has issued its first stablecoin issuer licences under the new Stablecoins Ordinance to HSBC and Anchorpoint Financial Limited, a consortium backed by Standard Chartered, Animoca Brands, and Hong Kong Telecom. Both entities are allowed to issue Hong Kong dollar-backed stablecoins, with launches expected in the coming months. This marks a major step in Hong Kong’s regulated digital asset strategy as it moves to build a secure and institutionally driven stablecoin ecosystem.