HSBC and Standard Chartered Poised to Be Hong Kong’s First Stablecoin Issuers

[madtrader]

HSBC Holdings and a joint venture led by Standard Chartered are reportedly set to become the first licensed stablecoin issuers in Hong Kong.

The Hong Kong Monetary Authority is expected to issue licenses to institutions already authorized to issue banknotes, marking a major step toward the city’s ambition to become a global digital asset hub.

While official confirmation is still pending, sources suggest the first batch of licenses could be granted by March 24, 2026.

[bonk]

HKMA: you need a license for stablecoins
HSBC & Standard Chartered: hold our hong kong dollars