HSBC and Standard Chartered to receive Hong Kong stablecoin issuer licenses

HSBC and Standard Chartered are among the first institutions set to receive stablecoin issuer licenses in Hong Kong, according to reports. The move represents a significant step in Hong Kong’s regulatory framework for digital assets, as the city seeks to establish clearer guidelines for stablecoin issuance. Both banks joining the licensed issuer pool signals institutional interest in the stablecoin sector and Hong Kong’s effort to position itself as a crypto-friendly financial hub.