Hong Kong Grants First Stablecoin Licences to HSBC, Standard Chartered Consortium

Hong Kong has awarded its first stablecoin licences to HSBC and a Standard Chartered-led consortium. The move marks a major step in the citys plan to become a global digital asset hub. Key Takeaways HKMA granted 2 licences to HSBC and a Standard Chartered-led group, advancing Hong Kong crypto plans. New rules require $3 million []