The approvals by the Hong Kong Monetary Authority, the territory's central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025. Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchrpoint Financial, a Standard Chartered-led consortium that includes Animoca Brands. The HKMA assessed 36 applications and had signaled that the initial round would be limited. The decision to license the city's note-issuing banks first appears t…
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