HSBC and Standard Chartered Win Hong Kong’s Inaugural Stablecoin Licenses
The HKMA selected two issuers from a pool of 36 applicants under the Stablecoins Ordinance, which took effect in August 2025. The Hong Kong Monetary Authority (HKMA) granted its first two stablecoin issuer licenses on Friday, awarding them to HSBC and Anchorpoint Financial, a joint venture led by Standard Chartered that includes Animoca Brands and…