HSBC and Standard Chartered joint venture secure Hong Kong’s first stablecoin issuer licenses
Hong Kong has opened its regulated stablecoin era by granting its first fiat-referenced issuer licences to HSBC and Anchorpoint Financial, the Standard Chartered-led venture backed by Hong Kong Telecommunications and Animoca Brands. The decision gives traditional finance the first mover advantage in one of Asia’s most closely watched stablecoin regimes, and it places bank-linked issuers […]