HKMA Grants First Stablecoin Licenses: What HSBC & Anchorpoint Mean for Cross-Border Payments
On April 10, 2026, the Hong Kong Monetary Authority (HKMA) made history by granting the world’s first fully regulated fiat stablecoin licenses—only 2 out of 36 applicants passed, a mere 6% approval In this guide, let's break down Hong Kong’s strict regulatory framework, real-world use cases for HKD stablecoins, and the two licensed players reshaping cross-border payments, Web3, and RWA (Real- ...
