Hong Kong Approves StanChart-Led Group, HSBC to Issue Stablecoins

Hong Kong has https://www.hkma.gov.hk/eng/news-and-media/press-releases/2026/04/20260410-4/">granted its first licenses to issue stablecoins to HSBC and a joint venture of Standard Chartered, allowing them to issue crypto tokens pegged to Hong Kong dollars.

The move comes as Hong Kong pushes to become a global fintech and crypto hub, even as mainland China continues ...