Hong Kong issues first stablecoin licences to HSBC, Standard Chartered

EditorSenad Karaahmetovic
Published 04/10/2026, 06:07 AM
 Hong Kong issues first stablecoin licences to HSBC, Standard Chartered

Investing.com -- Hong Kong issued its first licences for fiat-backed stablecoins on Friday, marking a significant development in the city’s efforts to establish regulated digital currencies in global finance and trade.

The Hong Kong Monetary Authority approved HSBC and a joint venture by Standard Chartered to issue stablecoins backed by the Hong Kong dollar under the city’s new stablecoin regime, which became effective in August 2025.

Stablecoins are a type of cryptocurrency designed to maintain a constant value and are typically pegged to a fiat currency such as the U.S. dollar.

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