The stablecoin will be fully backed by high-quality liquid assets held in segregated accounts and will meet financial crime compliance standards.
The Hongkong Shanghai Banking Corp Ltd (HSBC) said it has secured a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA), as the bank plans to launch a Hong Kong dollar (HK$)-denominated stablecoin in the second half of 2026. The stablecoin will be integrated into two of Hong Kong SAR’s most widely used digital platforms The stablecoin will be fully backed by high-quality liquid assets held in segregated accounts and will meet financial crime compliance standards, und