# Stablecoins are a type of cryptocurrency designed to maintain a constant value.

*fintech · news · 2026-04-10 · Reuters*

## Key points

- Hong Kong has issued its first licences for fiat-backed stablecoins to two traditional banks.
- The licensed banks are StanChart's joint venture Anchorpoint Financial and HSBC.
- Both banks plan to launch stablecoins for cross-border, local payments, and digital asset trading in H2 2024.
- HKMA received 36 stablecoin licence applications last year but will issue very few additional licences.

**Companies:** HSBC, Standard Chartered, Animoca Brands, Hong Kong Telecommunications, Bitfire
**Countries:** Hong Kong

[Read the full story on Reuters](https://www.reuters.com/business/finance/hong-kong-grants-first-stablecoin-licences-stanchart-joint-venture-hsbc-2026-04-10/)

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