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654 HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

CoinDesk
Sam Reynolds @ CoinDesk · 04/10/2026 05:19 EDT

HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

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.

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