HSBC and Anchorpoint Financial Gain First Hong Kong Stablecoin Issuer Licenses

According to The Block, the Hong Kong Monetary Authority has issued the region's first stablecoin licenses to HSBC and Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications, the regulator confirmed on Friday. Hong Kong had been expected to issue its first stablecoin licenses in Q1, with HSBC and Standard Chartered previously reported to be among the first recipients.