crypto 1 min read

Hong Kong Issues First Stablecoin Licenses to HSBC, Standard Chartered Venture

Hong Kong takes a significant leap in digital currency regulation, granting its inaugural stablecoin licenses to major financial institutions.

2026-04-10T11:21:52.661Z

Hong Kong Issues First Stablecoin Licenses to HSBC, Standard Chartered Venture

Hong Kong has issued its first licences for fiat-backed stablecoins, a pivotal move in the city's strategy to foster regulated digital currencies for global finance.

The Hong Kong Monetary Authority (HKMA) announced Friday that HSBC and a joint venture involving Standard Chartered have received approval to issue Hong Kong dollar-backed stablecoins. This development aligns with the city's new stablecoin regulations, implemented in August 2025.

Topics Hong Kong Monetary Authority HSBC Standard Chartered Stablecoin HKMA