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HSBC plans to launch a Hong Kong dollar-pegged stablecoin in the second half of 2026.
Hong Kong approved its first stablecoin licences, selecting only two issuers from 36 applicants.
KEY POINTS
- HSBC will launch a Hong Kong dollar-pegged stablecoin for retail use in the second half of 2026.
- Anchorpoint Financial, backed by Standard Chartered, will initially target institutional clients with its stablecoin.
- The Hong Kong Monetary Authority will limit the number of stablecoin licences in the early stages.
COMPANIES
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