HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

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Hong Kong’s Monetary Authority granted its first stablecoin licenses to HSBC and a Standard Chartered‑led consortium, allowing them to issue Hong Kong dollar‑pegged stablecoins and conduct cross‑border payments. The approvals reflect the applicants’ traditional finance expertise and risk‑management experience.
#HKMA #HSBC #STANDARD_CHARTERED #STABLECOIN #HONG_KONG #FINTECH #CROSS_BORDER_PAYMENTS
10/04 12:19 coindesk.com
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HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

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Hong Kong Issues First Stablecoin Licenses to HSBC, Standard Chartered-led Consortium

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